Politifact: Medicare overhead

This is an interesting article which suggests that the government's collective approach to health insurance is more cost effective than private insurance. 


"There's a 1.5 percent to 2 percent overhead in Medicare," Boxer said during an interview with MSNBC’s Chris Matthews on May 24, 2011. "The insurance companies have a 20 percent to 30 percent overhead."


Politifact ruled Boxer's statement half true. In one study, CBO found that privately run Medicare plans had 11 percent overhead, compared to 2 percent for traditional Medicare.


Private insurance can have 20 to 30 per cent overhead for individadual plans, but group plans have 11 -12 per cent overhead for private insurance. 

Subscribe to the Rightardia feed: http://feeds.feedburner.com/blogspot/UFPYA  

Netcraft rank: 5484 http://toolbar.netcraft.com/site_report?url=http://rightardia.blogspot.com
Rightardia by Rightard Whitey of Rightardia is licensed under a Creative Commons Attribution 3.0 Unported License.

Permissions beyond the scope of this license may be available at rightardia@gmail.com.

The Right Wing consists of liars and the gullible

Rep Alan Grayson said the Right Wing Consists of the Liars and the Gullible on December 04, 2009. See http://www.youtube.com/watch?v=_WW_DtGyib4

Here is a classic example of this: Sen. John Cornyn from Texas is facing a tough re-election fight. Her refers to Medicare advantage as an option that Seniors will lose. This is the 'private version' of Medicare that is heavily subsidised by the Federal government.

Obama wants to cut the subsidies which, of course, will make this program less lucrative to seniors and require the health care industry to raise the premiums to keep it afloat.

In addition Medicaid, that Cornyn calls a gulag, is a program of last resort. Medicaid pays the bills for the poor that have not health insurance and go to the emergency room when they become critically ill. Medicaid results in a hidden $1100 tax on all private health insurance plans. If there is no new public option in the final health care bill, Medicaid will be the only public option left standing.



Subscribe to the Rightardia feed: feeds.feedburner.com/blogspot/IGiu

Netcraft rank: 4763 http://toolbar.netcraft.com/site_report?url=http://rightardia.blogspot.com