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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (230285)	4/22/2005 10:19:40 AM
From: 10K a day	Respond to of 1586313

>According to the World Health Organization, in the United States administrative expenses eat up about 15 percent of the money paid in premiums to private health insurance companies, but only 4 percent of the budgets of public insurance programs, which consist mainly of Medicare and Medicaid. According to the health organization, the higher costs of private insurers are "mainly due to the extensive bureaucracy ============ 15 Percent for Administration...! Thats just the tip of the ice berg...

To: Road Walker who wrote (230285)	4/22/2005 10:52:18 AM
From: 10K a day	Respond to of 1586313

>So we've created a vast and hugely expensive insurance bureaucracy that accomplishes nothing. The resources spent by private insurers don't reduce overall costs; they simply shift those costs to other people and institutions. It's perverse but true that this system, which insures only 85 percent of the population, costs much more than we would pay for a system that covered everyone. The system is a Joke. And it's broke...

To: Road Walker who wrote (230285)	4/22/2005 11:13:35 AM
From: Tenchusatsu	Respond to of 1586313

JF, from Krugman's column: According to the World Health Organization, in the United States administrative expenses eat up about 15 percent of the money paid in premiums to private health insurance companies, but only 4 percent of the budgets of public insurance programs, which consist mainly of Medicare and Medicaid. I'm pretty sure if I ran a charity where I just gave away free money without keeping account of how that money gets spent, I can reduce my "administrative expenses" to 0%. Meanwhile, Krugman overly simplifies how private insurers reduce their costs, "Well, as the World Health Organization put it in a discussion of Western Europe, private insurers generally don't compete by delivering care at lower cost. Instead, they 'compete on the basis of risk selection' - that is, by turning away people who are likely to have high medical bills and by refusing or delaying any payment they can." That is a load of bull; I know at least two people personally who wouldn't have jobs if that's all private health insurance firms do. Tenchusatsu

To: Road Walker who wrote (230285)	4/22/2005 8:22:30 PM
From: TimF	Respond to of 1586313

John, that article has been replied to on this thread Subject 55439 and this one Subject 53920 Why I don't have time to track down every response, let alone synthize them in to one post, with advanced search I can find a number of them. Message 21235756 Message 21234959 Message 21235776 Message 21238075 Message 21234561 Message 21234665 Message 21227192 Message 21233765