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

To: Tenchusatsu who wrote (500193)	7/31/2009 9:11:35 PM
From: Alighieri	Read Replies (2) \| Respond to of 1578394

John Stossel has a different take on Medicare: Another denier...he's talking about what no one wants to face, which is that elders need to be cared for and there is no solution other than to manage down costs, make the system more efficient and pay up for the inevitable....for the system today? well I've experienced it first hand recently...it worked for us...very well in fact. Al

To: Tenchusatsu who wrote (500193)	7/31/2009 11:53:10 PM
From: i-node	Respond to of 1578394

>> John Stossel has a different take on Medicare: Mostly a pretty good article and mostly right. The $400B in unnecessary procedures is higher than the real figure, however. But it is a fact that Medicare is so inefficient at claims processing that a lot of medically unnecessary stuff gets through that doesn't with a commercial insurance company. He also didn't reference the fact (directly, at least) that when you analyze Medicare versus private payers, administrative costs are about the same for both--yet private payers don't have reimbursement rates established at lower levels than any other payer AND Medicare is $36 Trillion in the hole while private insurances are making a little money along the way. Must be those $10 Million CEOS the commercial carriers pay.