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thunder thunder is offline
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First recorded activity by BoatBanter: Jul 2006
Posts: 902
Default Sober thoughts on health care

On Mon, 20 Jul 2009 12:39:10 -0400, gfretwell wrote:


How can anyone believe a government medical agency will be cheaper than
someone with a profit motive to cut costs?


Huh? Because the motive it to increase profits, not cut costs. While
it's not a fair comparison, Medicare's administrative costs are @6%,
compared to the 20-25% of our current health care system. Perhaps, more
telling, administrative costs in a for-profit hospital are @ 34%, as
opposed to 24.5% at non-profits, but get this, the costs are 22.9% at
public hospitals, you know, government run hospitals.

http://www.pnhp.org/single_payer_resources/
forprofit_hospitals_cost_more_and_have_higher_admi nistration_expenses.php