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Vic Smith

On Sun, 25 Oct 2009 21:57:28 -0400, wrote:

On Sun, 25 Oct 2009 10:27:23 -0600, Vic Smith
wrote:

Note from the above link about Medicare admin costs,
"Nor does it count most of Medicare's billing, which is outsourced --
and this might surprise people -- to private insurers like Blue Cross
Blue Shield and listed under vendor services rather than program
administration."

Wasn't aware of that.
So all the bitching about Medicare billing can as easily be laid off
on the private insurance industry by those who want to.
And now you know that the private health insurance companies are also
sucking blood from Medicare, which is covered with the private ticks.

It also debunks that idea that medicare's administrative costs are
only 5% doesn't it?

No, according to the link - you cut it, you can find it - the usual
claim is 2%. But I've always heard 3%.
Adding in what they pay the private insurance companies doing the
billing brings them to 5-6%.
Forget about trying to beat that.
You can't.
Besides, that article has some other gems, such as the there's no
evidence the private insurers do any better with fraud than does
Medicare.
I'm done arguing about this. All the facts are out there, including
the fact that many modern countries beat our ass in health care.
How it's done is well known to anybody who looks.
Cat is out of the bag.
I can afford insurance and keep my house.
Let the whiners who suffer medical bankruptcy, die because they have
no health care, worry about their kids' ailments, and the whining
businessmen who have their profits deeply cut into and who can't
compete because of health care costs worry about it.
No skin off our nose, eh?
Me and you will do just fine.

--Vic

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