Do you believe in wealth redistribution?
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Do you believe in wealth redistribution?
| Wed, 10-08-2008 - 12:27pm |
Do you believe in wealth redistribution?
| Wed, 10-08-2008 - 12:27pm |
Do you believe in wealth redistribution?
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Sopal
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Yes, even after the allocation of indirect gov't expenses to Medicare, the administrative costs are lower than those of private health insurance:
http://www.cahi.org/cahi_contents/resources/pdf/CAHIMedicareTechnicalPaper.pdf
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http://www.pnhp.org/news/2009/october/meet_the_new_health_.php
http://www.youtube.com/watch?v=DQTBYQlQ7yM
This is what I found from your site:
<>The average annual cost per person under Medicare is more than double that under private health insurance. In 2003, the average medical cost for Medicare is estimated to be about $6,600 per person per year, while the average medical cost for private health insurance, excluding out-of-pocket cost is $2,700 per person per year.
If Medicare’s claim costs were the same as in the private market, Medicare’s administrative costs would increase to perhaps 6-8% of administrative costs and claims.
<The difference is in the US you can still have the procedure done if you're willing to pay for it yourself.
Sopal
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From the NY Times
VANCOUVER, British Columbia, Feb. 23 — The Cambie Surgery Center, Canada's most prominent private hospital, may be considered a rogue enterprise.
Accepting money from patients for operations they would otherwise receive free of charge in a public hospital is technically prohibited in this country, even in cases where patients would wait months or even years in discomfort before receiving treatment.
Canada remains the only industrialized country that outlaws privately financed purchases of core medical servicesI agree with this post -
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When people pay taxes that are being used for the "common good", e.g., roads, defense, a police and judicial system, it's not redistribution and theft.
When the government takes money from person "A" and gives it to person "B" without any services being rendered, it's redistribution, and theft. This is true whether it's paying welfare, or a crop subsidy, or an export subsidy.>>
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True, but Medicare's admin costs would still be less than those of private insurers. And the costs of private insurers in that study did not account for all the costs paid by EMPLOYERS who contract with those insurers. When you add in all the $$$ spent by every employer who offers health benefits on HR personnel and related administration costs, there is no way Medicare's admin costs will come close to those associated with our existing system of non-gov't provided insurance.
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http://www.pnhp.org/news/2009/october/meet_the_new_health_.php
http://www.youtube.com/watch?v=DQTBYQlQ7yM
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