SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (214476)1/24/2007 5:03:53 PM
From: KyrosL  Read Replies (1) | Respond to of 281500
 
The claim is hardly startling. It's based on the fact that single payer systems in other advanced industrialized countries are on the average 50% cheaper than our system in the US in terms of cost as a GDP percentage.

Various studies have estimated that the private insurance system we have in the US spends somewhere between 20 and 30% of every health care dollar on a bureaucracy whose main purpose is to screen applicants for pre-existing conditions and "supervise" the health care providers. Another large percentage is consumed in unnecessary procedures, tests and drugs designed to maximized health care provider profits rather than optimize the patient's health. And a further huge percentage is spent caring for advanced conditions among the uninsured that would have been caught and prevented or cured at a much lower cost, if they were insured.



To: neolib who wrote (214476)1/24/2007 5:20:33 PM
From: Katelew  Read Replies (1) | Respond to of 281500
 
Go look at the income statement of any large health insurance company. Deduct the amount of net profit, most of the amount spent on sales and marketing, and reduce the admin. costs.
The dollar amount you have left would be the actual cost of paying out benefits, i.e. covering the medical expenses of that company's policyholders.

My unscientific guess is that figure would be about 30% less than the bottom line on the income statement.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News