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

To: i-node who wrote (1007780)

3/24/2017 2:12:04 PM

From: Wharf Rat

Respond to of 1573817

The insurance companies earn their money,"
That's why Medicare is more efficient; no need to jack up prices to make a profit.

Is Medicare Cost Effective? - Johns Hopkins Medicine
Is Medicare Cost Effective?

Crossroads Archive

I recently spent a half-day in a meeting discussing a number of issues regarding Medicare. Most of us on the provider side of the street view Medicare as this multiheaded bureaucracy with more pages of regulations than the Internal Revenue Service's tax code. However, I came away from the meeting with some (to me at least) shocking revelations:

Medicare beneficiaries are overwhelmingly satisfied with their Medicare coverage, except for the absence of prescription drug benefits;
The administrative costs of Medicare are lower than any other large health plan.
=
Medicare remains more efficient than private insurance

To: i-node who wrote (1007780)	3/24/2017 2:21:41 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 1573817

Here's the problem. The insurance companies earn their money, at least when compared with Medicare and Medicaid. They seize money from the public via mandatory taxation(see ACA). They don't "earn" anything. They finance half of our healthcare system for what amounts to a very small amount of money. Where's your facts to prove that bald faced lie? I just showed you ur health care costs are the highest in the world. They are routinely criticized by you and others, but you have effective no argument for your criticism. It is essentially ad hominem as you have no meaningful basis for it. Look in the mirror. You posted no facts to refute me. === healthaffairs.org In an August 2011 Health Affairs article, University of Toronto researcher Dante Morra and coauthors compared administrative costs incurred by small physician practices in the United States, which interact with numerous insurance plans, to small physician practices in Canada, which interact with a single payer agency. US physicians, on average, incurred nearly four times more administrative costs than did their Canadian counterparts. If US physicians' administrative costs were similar to those of Canadian physicians, the result would be $27.6 billion in savings annually. Overall, administrative complexity added $107 billion to $389 billion in wasteful spending in 2011.