starcraftzzz
Senior Member
- Feb 14, 2012
- 2,263
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Medicare costs 50% less then private insurance. So like always you are a clueless brainwashed toolSo, you're actually going to try and argue that a massive bureaucratic entitlement program that costs in excess of 10 times what it was projected to costs is evidence of efficiency?
You are one seriously fucking daffy mofo.
Actually, health care COSTS are driven up in the private sector then paid for by Medicare. Under a socislized system, costs are controlled because the government put price controls in place.
"In fact, every federal social program has cost far more than originally predicted. For instance, in 1967 the House Ways and Means Committee predicted that Medicare would cost $12 billion in 1990, a staggering $95 billion underestimate. Medicare first exceeded $12 billion in 1975. In 1965 federal actuaries figured the Medicare hospital program would end up running $9 billion in 1990. The cost was more than $66 billion.
In 1987 Congress estimated that the Medicaid Special Hospitals Subsidy would hit $100 million in 1992. The actual bill came to $11 billion. The initial costs of Medicare's kidney-dialysis program, passed in 1972, were more than twice projected levels.
The Congressional Budget Office doubled the estimated cost of Medicare's catastrophic insurance benefit subsequently repealed from $5.7 billion to $11.8 billion annually within the first year of its passage. The agency increased the projected cost of the skilled nursing benefit an astonishing sevenfold over roughly the same time frame, from $2.1 billion to $13.5 billion. And in 1935 a naive Congress predicted $3.5 billion in Social Security outlays in 1980, one-thirtieth the actual level of $105 billion. "
http://www.nationalreview.com/comment/bandow200311240827.asp