I agree there is so much bull crap by really ignorant people regarding insurance ,etc...
For example this IDIOTIC so ill informed writer:
According to the Kaiser Family Foundation, administrative costs in Medicare are only about 2 percent of operating expenditures.
Defenders of the insurance industry estimate administrative costs as 17 percent of revenue.
Insurance industry-funded studies exclude private plans’ marketing costs and profits from their calculation of administrative costs.
Even so, Medicare’s overhead is dramatically lower.
Medicare administrative cost figures include the collection of Medicare taxes, fraud and abuse controls, and building costs.
Medicare Is More Efficient Than Private Insurance ? Health Affairs Blog
OF Course they are 2%! THEY don't pay any claims!
In fiscal year 2011, Medicare Administrative Contractors (MACs) processed nearly
1.1 billion Traditional Medicare claims, which paid the bills for beneficiary health care at 6,172 hospitals;
15,697 skilled nursing facilities; 11,930 home health agencies; more than 95,000 durable medical equipment suppliers;
and about one million physicians and other medical practitioners.
What Are Medicare Administrative | Medicare News Group
MACs paid the claims! Medicare pays the MACs and the MACs through their cost efficiencies LOSE MONEY!
CMS estimated that in fiscal year 2010 these two programs made more than $65 billion in "improper federal payments," defined as payments that should not have been made or were made in an incorrect amount.
Adding in improper payments made by state Medicaid programs boosts the total by about $10 billion annually.
Health Policy Briefs
Medicare paid dead physicians 478,500 claims totaling up to $92 million from 2000 to 2007. These claims included 16,548 to 18,240 deceased physicians. (U.S. Senate Permanent Committee on Investigations, 2008)
Fraud statistics
REMEMBER folks these are the same LIARS that agree there are 46 million uninsured... WHEN their OWN CMS.. Medicaid group FAILED to enroll
14 million people eligible for MEDICAID before ACA... and that bogus number of 14 million that CMS failed to enroll WAS USED as part of the phony 46 million!
AND they want to do MORE???