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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Sultan who wrote (98764)6/22/2009 12:23:06 PM
From: studdog3 Recommendations  Read Replies (2) of 116555
 
Another little known fact about Canadian system: They pay 10% of GDP for healthcare and in general have equal or better outcomes. We pay 17 % of GDP for a system that enriches the insurance companies at the expense of you, me and the companies you work for. The insurance companies are the ones ultimately getting the huge governmnent subsidy of tax free healthcare benefits. Who do you think are paying the "middle of the road Dems" who are blocking the public option? If we continued to pay 17 % of GDP and had a single payer system you could cover everyone and have zero wait for elective procedures. What we really need is a single payer system that costs 10% of GDP, covers everyone,(wth a copay so patients have skin in game), and rations elective care a somewhat.

Medicare's adminstrative/overhead cost is 3%. Private insurers take 25-30% and make billing such a hassle provider overhead is 25% greater than for billing medicare.

THere is the truth for ya.

studdog MD
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