Re:Graphs that show America’s health-care prices are ludicrous
by snowwrestler on Wednesday March 27, 2013 @12:28AM
(#5447801)
The efficiency of Medicare is often overstated. Medicare spends a lot per patient, which makes administrative costs a smaller percentage of total spending. And some administrative tasks are handled by other government agencies, but many calculations of Medicare efficiency don't include those.
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Re:Graphs that show America’s health-care prices are ludicrous
by twoodfin on Wednesday March 27, 2013 @08:50AM
(#5449065)
Additionally, there's a not insubstantial chunk of Medicare spending that's essentially fraudulent, and that no "real" insurance company would pay, but Medicare lacks the "overhead" to do much about all but the most egregious cases.
Why else did you think there were so many daytime TV ads for "free" scooters before Medicare cracked down? And that's just one example.