it costs less than 1% to administer medicare, all employees and administrative costs...total shebang! It costs 25% for insurance companies to shuffle claims....
there is huge administrative cost savings in a single payer system run by the gvt vs run by private insurance, BUT THIS IS NOT obama's plan...there is no single payer gvt run health care plan on the table...obama's plan keeps the private insurance companies pretty much running the show, he doesn't cut them out so there will not be much savings on administrative costs.....and without a gvt option or nonprofit private coop option to keep them honest, this is nothing but a HUGE GIFT HORSE for the private insurance industry with our tax money!!!
MARK MY WORDS on this!
there is huge administrative cost savings in a single payer system run by the gvt vs run by private insurance, BUT THIS IS NOT obama's plan...there is no single payer gvt run health care plan on the table...obama's plan keeps the private insurance companies pretty much running the show, he doesn't cut them out so there will not be much savings on administrative costs.....and without a gvt option or nonprofit private coop option to keep them honest, this is nothing but a HUGE GIFT HORSE for the private insurance industry with our tax money!!!
MARK MY WORDS on this!