[quote=markmax33][quote=SK in CV][quote=markmax33][quote=SK in CV]
Medicare is more efficient than private insurance. Their administrative costs, on a per patient basis, are a tiny fraction of private insurance.[/quote]
Medicare isn’t a waste?????!!! You missed the 60 minutes special. Clearly you are lost. LOLOL at it being more efficient than the private market. Thanks for proving my point![/quote]
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“In fact, Medicare fraud – estimated now to total about $60 billion a year – has become one of, if not the most profitable, crimes in America.”
Not only that, Medicare and Medicad drive the cost of procedures up. It creates inefficiency in the market place. How is that an “efficient market”? Those procedures would have dropped in price if it were privatized with little GOV regulation. Dare me to prove it?[/quote]
No one is denying there is fraud in medicare and medicaid. There is fraud in private health insurance, as well. Lets not assume that fraud only exists in government programs.
The Heritage Institute tried to look at Medicare coverage on a per beneficiary cost and concluded the administrative costs were higher for medicare recipients. What they failed to mention is that Medicare recipients are exclusively over 65… you can’t compare a population of 65+ directly against a population of 64 and under.
I found a study that accounts for that (and includes the Heritage data as well.)
