Originally posted by HotSauce
reply to post by Janky Red
I think you are incorrect. Yes they have to spend money on staff, facilities, marketing, etc... But the government willl have the same types of
expenses and they are not the best at finding goood deals.
Also, insurance companes actually negotiate the rates of procedures, medicine, and hospital stays down, because it helps them to control costs so that
they can sell the cheapest policy and be competitive.
Your second sentence is WHAT they "do" Sauce... That is the extent really -
All of that is over half the cost - They negotiate YES, but not to keep your premiums down, they negotiate to have money left over for your second
sentence.
Medicare has one operating cost - PALMETTO GBA - The company the executes the funds for medicare participants.
Palmetto GBA, a private Company operate much cheaper than "Private insurance".
www.palmettogba.com...
The above is who runs medicare
below is Kaiser and things like that
www.ashlink.com...
The top one is much more efficient because they lack many of the things you listed
And medicare pays more to the doctor than does ASHLINK - the second one
You want more bang for the buck?
Have the government pool the money while private company provides the actual transaction, cut out 30% of cost off of premiums right there.
I am a biller