Via Blue Shield of California, a breakdown of how each dollar it gets from health insurance subscribers gets spent:
The point? Most of the dollar goes to medical care, not insurer profits. That’s particularly true for Blue Shield of California, which pledged last year to cap its profits at 2 percent. But it’s broadly true across the health-insurance industry. According to Fortune’s 2009 ranking of industry profits, the health-insurance industry’s takes 2.2 percent of its revenues as profits. The pharmaceutical industry, by contrast, takes 19.4 percent.