I Hate Dialysis Message Board
Dialysis Discussion => Dialysis: General Discussion => Topic started by: plugger on February 12, 2012, 06:52:34 PM
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I promised Whamo I would provide examples of waste in healthcare, figure I would point out the administration costs in health insurance - something that affects a lot of people:
"Private insurers take, on average, 13% of premium dollars for overhead and profit. Overhead/profits are even higher, about 30%, in big managed care plans like U.S. Healthcare. In contrast, overhead consumes less than 2% of funds in the fee-for-service Medicare program, and less than 1% in Canada’s program."
http://www.pnhp.org/facts/why_the_us_needs_a_single_payer_health_system.php
What organizations like the CBO have been saying since the '90s:
http://www.pnhp.org/facts/single_payer_system_cost.php?page=1
And as a bonus I'll add FAQs:
http://www.pnhp.org/facts/single-payer-faq
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Thank you, I've known about the waste in healthcare for a long-time. My cousin is a surgeon that got an MBA. He went into a big HMO, and quit, because they wanted him to do things he thought were unethical. They're all about the money. He wound up working in Emergency Rooms for a long time, but now is on Board of Directors, the top guy, for a hospital in the California desert. He's a good guy. His heart is in the right place.
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Nice to see a nice guy win one!