Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (13659)	2/28/2010 7:05:50 PM
From: Alighieri	Read Replies (1) \| Respond to of 42652

Medicare does not pay anything directly to the providers. Well sure, Medicare contracts out claim processing and other low level admin work because it's likely cheaper than if they did it with gvmt workers, but it's not like there's duplication of admin costs as you seemed to suggest...Medicare is essentially run by HHC the DOL and SSA...total admin costs are less than 1/3 of those of private insurance...fraud is estimated to be 60B/year, which should be reined in. I liked one of the ideas that came from Obama's HC summit...a republican senator or congressman suggested that the gvmt hire and plant stealth undercover patients. The dems seemed to like the idea, but that seems to be something they can do today. Al