Ryan/Biden debate WILL discuss Medicare and specifically Medicare Advantage Plans... and no surprise Obama totally IGNORANT about Medicare Advantage plans. I AM NOT ignorant because I am one of the 4 million that have Medicare Advantage that OBAMA wants to eliminate. Last night Obama said and I quote: OBAMA: Jim, if I -- if I can just respond very quickly, first of all, every study has shown that Medicare has lower administrative costs than private insurance does, which is why seniors are generally pretty happy with it." What the ignorant Obama doesn't KNOW evidently is MEDICARE does NOT ADMINISTER one CLAIM! There are FOR profit companies that are contracted by Medicare to administer the 1 billion claims! So this crap about having LoWER costs is NOT taking in account that the FEES charged by the providers are managed by for profit companies! And those FOR profits have actually LOSSES that are absorbed by their commercial side! Almost ALL of you with Blue Cross are covering the losses from Medicare costs and THAT's one of the reasons health insurance companies have increasing costs. For example: Beyond that, the losses at Medicare call into question the efficacy of contracting with some of the nations largest insurance companies to process Medicare claims, spot suspicious billing, and refer cases to law enforcement. The contractors are primarily subsidiaries of big health insurers, such as WellPoint and Blue Cross Blue Shield. Government auditors have criticized these companies for poor performance in the past and faulted Medicare officials for not holding them accountable. A report last year by the Health and Human Services inspector general said one group of 18 contractors identified just $835 million in overpayments in 2007, and 16 of them referred $54 million or less for collection. Medicare is now consolidating that work in seven regional contracts. Overall, in the last fiscal year (2010), Medicare paid $956 million to these contractors for claims processing and fraud detection, according to government figures. Read more at How Medicare Wastes Almost $50 billion a Year More on Medicare Advantage ... which is FAR superior then traditional fee for service Medicare from MY SUBJECTIVE POINT OF VIEW!!!