Oddball
Unobtanium Member
Let's compare this fantasy with the reality of what Medicare/Medcaid cost today, as opposed what they were projected to cost.While there would be a small savings from the lack of a profit in a government run program, the true savings would be in the administration of such a plan. Currently, administrative costs eat up over 25% of healthcare costs. The argument is that government administration costs would be drastically less. Of course, this is speculation, but I would be interested in seeing how it pans out. If true, a government plan could run with much lower overhead, which in turn would equate to much lower premiums.