News for hackers. Stuff that matters.
Re:How a Medical Catastrophe Can Bankrupt a Life by gamblor956 on Friday February 02, 2018 @01:57PM (#16293192)
Medicare is phenomenally successful given its constraints. It insures more patients, for lower costs, and better care, than any comparably sized private insurer. As the standard for basic care, it can't be beat in the US. Indeed, one of the original Romneybamacare proposals was to make Medicare the baseline health insurer, covering emergencies and major health crises (like cancer), with additional or concierge treatment options to be offered by private insurers.
Re:How a Medical Catastrophe Can Bankrupt a Life by refurb on Friday February 02, 2018 @02:52PM (#16293681)
The only reason why Medicare works is because private insurance subsidizes it. Costs are lower because the federal gov't say "I will pay you $X, even if it costs you $X+$1,000".
Re:How a Medical Catastrophe Can Bankrupt a Life by conanbatt on Friday February 02, 2018 @04:43PM (#16294436)
Can you give me some more info on this? My understanding is that medicare does less administrative work, and that might have some other consequences like they always pay out or never negotiate down, but how is it subsidized?

Bear in mind the opposite is definitely true as well: older patients are way more expensive than young ones, so their actually healthcare spending per patient has to be higher.

Re:How a Medical Catastrophe Can Bankrupt a Life by refurb on Friday February 02, 2018 @06:01PM (#16294957)
When I say subsidized, I mean informally. Commercial insurance pays much more than the cost of procedures and that makes up for the fact that Medicare sometimes pays less than the cost of the procedure.

In other words, if you were a doctor and you only took Medicare patients, there is a chance that you'd actually be losing money year over year. Of course, it depends on exactly what the doctor is doing as Medicare is more generous with some procedures than others.

Re:How a Medical Catastrophe Can Bankrupt a Life by conanbatt on Friday February 02, 2018 @07:41PM (#16295411)
Do you have any source for this? I find it generally hard to believe, but i dont know that much about medicare.
Re:How a Medical Catastrophe Can Bankrupt a Life by conanbatt on Friday February 02, 2018 @04:50PM (#16294481)
But its worse than developed countries healthcare in terms of cost. That has to be an indicative that the private vs public debate is a red herring, something else is making it expensive.