Doc1
Gold Member
Are you gonna tell us that it costs the government more that the 40% overhead that private insurance companies had been chargingHow is this for "bullseye" son. The government can provide insurance with an overhead of 3%, yet private insurers prior to the ACA were writing off as much as 40% of every premium dollar as "overhead"It was bullshit then and it's bullshit now. Liberals are just brainwashed disciples with no ability to process anything.He is an idiot, to dismiss anything out of handmy bad weasel thinking you could see the error of your ways
Umm..no, the 3% number is a myth since it excludes all the administrative costs that are offloaded to other government agencies like the IRS (which collects all the revenues necessary to run the programs), the HHS which does all the accounting, auditing, fraud investigation, marketing, building and operational costs and in case no one told you government run healthcare programs are TAX EXEMPT which private insurers are not (private insurers actually bear part of the cost to run government health care programs via the taxes they pay).
Lastly and most importantly Medicare subscribers are older and sicker which drives up the denominator used to calculate those bogus overhead figures, the denominator shifts administrative costs into patient care costs making it seem like administrative costs are lower while increasing patient care costs artificially, it's an accounting trick.
It's IMPOSSIBLE for any government agency to be more efficient than a private sector counterpart because lacking the profit motive and competition there is NO incentive for a government agency to be more efficient or provide higher quality products and services. They can simply take whatever resources they deem necessary by force and they have a captive customer base which isn't vulnerable to competitive offerings.
Prove that they can kid, you made the statement. You can start by showing us how efficient Gov agencies are.