DKSuddeth
Senior Member
yahoo article
A new law encouraging private health insurers to bid for Medicare business will cost the government $2.75 billion more this year than a fully government-run program, a nonprofit group reported on Thursday.
The Commonwealth Fund's study suggests that the government may be better than private insurers at managing health care costs for the elderly, the authors said.
"It suggests that private health plans don't save more money," said Brian Biles, professor of health policy at George Washington University, an author of the study "The Cost of Privatization" in Medicare.
A new law encouraging private health insurers to bid for Medicare business will cost the government $2.75 billion more this year than a fully government-run program, a nonprofit group reported on Thursday.
The Commonwealth Fund's study suggests that the government may be better than private insurers at managing health care costs for the elderly, the authors said.
"It suggests that private health plans don't save more money," said Brian Biles, professor of health policy at George Washington University, an author of the study "The Cost of Privatization" in Medicare.
