- Joined
- Jan 22, 2017
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- 3,066
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- Independent
That the government would handle things at a lower cost is a belief, not a fact. Too many other factors. Sorry I reject the concept.
If you just make the argument that something is not true because you don't believe it, that is a useless argument.
The 80 to 85% payout rate for private insurance companies was required under the ACA because there were so many insurance plans being sold where the payout rate was 50% or less and consumers had no idea.
Here's just a few reasons why private insurance can't compete:
They have thousands of plans and have to keep track of them medicare has one.
They spend tons of money on advertising. I often get tired of seeing ads for United Healthcare.
They have to make a profit.
Look at personnel. Medicare has about 6,000, United Healthcare has about 100,000. A lot of that has to do with the complexity of their plans. All those extra people cost big-time!
It's not like they make any thing or provide any complex service.
What is your "belief" based on?