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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (608123)4/18/2011 11:09:53 AM
From: i-node  Read Replies (1) of 1583677
 
>> I hadn't seen this summary by the CBO...but it's common sense even if the CBO wasn't saying it..

"ecause private plans have higher administrative expenses"

A demonstrably false claim when administrative costs are evaluated rationally. I've posted the analysis at least 20 times here. You simply cannot evaluate this rationally by looking at it the way CBO does. You have to take into account the size and number of the claims flowing to Medicare versus other carriers because Medicare beneficiaries are not the same as commercial insurance beneficiaries. And you also have to take into account that commercial insurance stops fraud whereas Medicare doesn't.

"and higher payment rates for providers."

But those payments are higher why? Because they are subsidizing the f*ckign federal and state governments., which would no longer be required.
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