The Premium Dollar and How it’s Spent
In 2010, we spent 88.5 percent of our customers’ premiums on their medical care.
In everything we do we’re concerned about keeping you well, while keeping costs down.
Our mission is enhancing the health and wellness of the people and the communities we serve. Every day we come to work facing the important task of balancing our commitment to compensate physicians and hospitals fairly and competitively with our responsibility to hold down premiums increases for our members.
- In 2010, we spent an average of 88.5 cents of each dollar we collect in premiums to pay physicians, hospitals, and other health care providers for the care they give our members. So what we pay hospitals has a direct impact on the premium costs for our customers.
- Every day individuals and local businesses, whose spending on health care is becoming unbearable, tell us we must control costs.
In our contract discussions, we represent our customers who share our commitment to health, but struggle with the rising cost of health care.
What makes health care so expensive?
Information from IBC | Information from Kaiser
Where is the nation's health care dollar spent?
Did you know that hospital care and physician/clinical services combined account for half (51 percent) of the nation’s health expenditures?
The nation’s health care dollar:
