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Politics : A US National Health Care System?
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To: TimF who wrote (3970)1/17/2008 4:33:22 PM
From: Katelew  Read Replies (2) of 42652
 
Get rid of the private health insurance companies and you automatically get rid of sales/marketing costs and profit margins.

The typical income statement of such a company shows such costs to be 25-30%

Get rid of the private health insurance companies and replace it with a single-payer and docs and hospitals lower their own costs related to billings.

Doctors claim such administration costs add 15-20% to their costs of doing business.

I also should have earlier mentioned that lower medical costs would make American companies more competitive against their foreign competitiors. Remember all members of the EU have single-payer systems of some kind. As a capitalist, I'd like my own country's companies to have the same or lower medical costs, wouldn't you??
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