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

To: bentway who wrote (615903)	6/13/2011 11:11:13 AM
From: i-node	Read Replies (2) \| Respond to of 1580289

>> Seems like you can't read. What is it you don't understand about Medicare costs increasing 400% ( which HAS to insure EVERYONE eligible ) while private health insurance ( which can cherry-pick healthy people ) costs rose 700%? Medicare costs are price-controlled. They aren't set by the market, they're set [arbitrarily low] by the federal government with no consideration, whatsoever, given to the cost to provide the service. A pool of funds is set aside which is then allocated to service providers on the basis of RBRVS or DRG. This bogus and arbitrary setting of fees by fiat results in cost-shifting to private plans -- a total convolution of market forces that otherwise would keep private plan costs lower. You cannot just arbitrarily dump an additional 20 or 25% of the healthcare system's cost on private insurers and expect no disruption in the microeconomics of health care. As a big-shot economist he ought to know that. As for you, I don't expect too much.