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To: Mike da bear who wrote (243764)6/3/2003 3:44:34 PM
From: Knighty Tin  Read Replies (2) | Respond to of 436258
 
Mike, Medicaid and Medicare are different. One is insurance and one is welfare. Actually, the folks who bear the true brunt are the uninsured wealthy. But Medicare payments reflect real, but very spartan, costs, without the golf Wednesdays and the Lamborghinis and the higher prices for drugs in the USA than in ANY foreign country where they sell the same drug. A private insurer has no chance to negotiate some of this excess profit out of the medical system. They just aren't big enough. If they threaten to walk away from a hospital or drug co. or medical corp., those entities say, "adios" and their insureds look for another carrier.