For Whamo: Waste in Healthcare

[plugger]

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

[Whamo]

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. 

[plugger]

Nice to see a nice guy win one!