Quote from vhehn:
private health insurers may only have a 4.5% profit margin but they burn up 31% of health care premiums in overhead administration costs.
Administrative Costs 1969-1999
The administrative structure of the U.S. health care system consumes a large share of health spending. In 1999, administrative spending consumed at least 31.0 percent of health spending, according to a report in today's New England Journal of Medicine.In contrast, administrative costs in Canada, which has had a national health program since 1971, are about 16.7% of health spending.
http://www.medicalnewstoday.com/articles/8800.php
a person interested in facts instead of trying to bolster his preconcieved notions might look at the example of canada in the article and see that their overhead costs are about half of private insurance.Quote from Lucrum:
And what will be the equivalent administrative costs for the feds?
ever notice that there are private colleges and state colleges and they both coexist? there are private toll roads and public roads. private insurance will find a nitch.Quote from PiggyBank:
What is the point? Let's say that those administrative costs are for large salaries and bonuses (which I assume you are implying), so what? If the govt gets involved then all of the sudden these health insurance companies have to cut costs to compete (not with eachother but the gov) and guess what, it won't be worth it for them to stay in business. They do it to MAKE MONEY. Then we are all stuck with the public "option".
I'll take your word for it, but that wasn't what I asked.Quote from vhehn:
a person interested in facts instead of trying to bolster his preconcieved notions might look at the example of canada in the article and see that their overhead costs are about half of private insurance.
someone turn on the lightswitch for lucrum. ok here goes. i will say it loud so you can understand:Quote from Lucrum:
I'll take your word for it, but that wasn't what I asked.
What will be the US federal governments administrative costs of administering any sort of universal heath care? Including the current bill.
So us poor dumb slobs who just want to know the truth can compare apples to apples.
Quote from vhehn:
ever notice that there are private colleges and state colleges and they both coexist? there are private toll roads and public roads. private insurance will find a nitch.
the rest of your post is just nonsense.
Quote from PiggyBank:
And which part of my post was nonsense? If u think the patriot act was unconstitutional, then how is forcing people at gunpoint to buy your product, not? You couldn't have been refering to the part about the government being inefficient as nonsense, could you? In case you were please list the government agencies, programs, entities that are profitable.
Quote from vhehn:
just for clarification i dont support the mandate or the current bill. i think a single payer system should be financed by higher taxes just like many other programs already are.
since when should government programs be profitable? the government is supposed to be in the business of providing services the people want and extracting taxes to pay for those services.