“Medicare increased payments to providers and still managed to save overall spending to 7.8 percent in 2001,” said Representative Pete Stark, Democrat of California. “Meanwhile, private insurance premiums go up 10.5 percent. Given these results, I cannot understand why Republicans verbs to devise plans for turning Medicare over to private health insurers.”
What’s the flaw contained by this argument? (i.e. can it be possible for total spending by private insurance to go up faster than spending on public insurance and but have the private insurance plan be better?)
Answers: Not adjectives providers will TAKE medicare, because the reimbursement rates are very, immensely low.
Keeping spending to 7.8% of WHAT? The country's GNP? That's HUGE. Also, 80% of medicare costs paid by the taxpayers travel to OVERHEAD, not medical costs!
Compare to 20% overhead for private costs, and a drastically smaller fraud cost. Not to mention a larger provider base, beside private carriers.
Anything system can do, private industry can do better, and cheaper. See, government run anything have NO INCENTIVE to cut costs, to do better, to do more, etc.
Once again, if you love government housing projects, love calling the dmv, are thrilled beside the accuracy of the IRS hotline, you'll love parliament health diligence.
I wish my answer could be laborsaving for your cross-question.here is the source i provide for your reference.
http://insurance.online-assistant.info
What’s the flaw contained by this argument? (i.e. can it be possible for total spending by private insurance to go up faster than spending on public insurance and but have the private insurance plan be better?)
Answers: Not adjectives providers will TAKE medicare, because the reimbursement rates are very, immensely low.
Keeping spending to 7.8% of WHAT? The country's GNP? That's HUGE. Also, 80% of medicare costs paid by the taxpayers travel to OVERHEAD, not medical costs!
Compare to 20% overhead for private costs, and a drastically smaller fraud cost. Not to mention a larger provider base, beside private carriers.
Anything system can do, private industry can do better, and cheaper. See, government run anything have NO INCENTIVE to cut costs, to do better, to do more, etc.
Once again, if you love government housing projects, love calling the dmv, are thrilled beside the accuracy of the IRS hotline, you'll love parliament health diligence.
I wish my answer could be laborsaving for your cross-question.here is the source i provide for your reference.
http://insurance.online-assistant.info