Ever wonder where your insurance premiums go? Health insurer profit account for just 3.4% of your premium. Insurance companies have extremely high levels of transparency and regulation. Information can be found via
publicly available small group rates, 5500 filings for large groups, State Department of Insurance Filings, and ACA MLR reporting.
Conversely, the 88% of premium spent on medical cost has very limited transparency and regulation: Rx costs, pharmacy benefit manager rebates, hospital costs, etc.