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Politics : Formerly About Advanced Micro Devices
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To: bentway who wrote (497446)7/23/2009 12:53:00 AM
From: i-node  Read Replies (1) of 1576159
 
Brummar makes a good point. The companies taking "bites" out of both Medicare and Medicaid are taking huge bites.

Here, EDS (now HP) runs the ENTIRE Medicaid program from claims to disbursements. And Pinnacle runs the Medicare claims and remits.

Because of an absurd bidding process at Medicare, just about the time one intermediary gets the process down, a new one gets the contract and it starts all over.

Government just cannot manage programs like this.

The absolute proof is the cost. It has been estimated that when put on a comparable basis, Medicare costs about the same (percentage-wise) to run as private insurance companies, yet the scale of Medicare is huge compared to any private company. Furthermore, on a per-patient basis (the most rational way to evaluate costs), Medicare costs at least 25% more than competing insurance companies.

This savings nonsense is just bullshit.
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