- Joined
- Nov 8, 2007
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- 8,706
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- Location
- Ventura California
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- Political Leaning
- Conservative
The reality is Medicare spends four per cent on overhead, while private insurance carriers spend roughly 30 per cent on overhead.
What do you think, that inconvienant fact, forces the private carriers to do?
Care to take a guess?
Clearly, the facts have escaped your understanding of the financial peril regarding Americans and their health system.
The notion that Government run programs have less overhead than private companies cannot be supported by any facts.
I believe that Medicare is a program where the Government spends humongous amounts of money paying the bills of the qualifying participants who go to physicians of their choice who are willing to wait three to six months for the Government payments. This is part of the reason it is filled with corruption and abuse and headed for insolvency. It is hardly a Government run program than a government handout to those who initially paid in very little; in other wards, a re-distribution of wealth which is headed for bankruptcy.
Now, you are free to share some credible links that would suggest that Government has lower overhead than insurance companies and I will take a look at it and get back to you. Until then, this is just another, "because you say it is so."