I would dare to say a majority of the costs of private insurers have more to do with administrative costs. This would be due to a sue first society....Medicare doesn't exactly have to worry about being sued...
Perhaps that's because when Medicare gets a claim they pay it using a definitive rule book instead of hiring a lawyer to keep a precedent from being set.....
-Joe
Their is also list of coverage through private insurance...Do you think Medicare never denies coverage?
Of course they do but the fine print in the government program is a helluva lot more legible and the people making the decisions in Medicare do not have a vested personal profit interest in denying a claim.
-Joe