Seems that last statement contradicts your entire post. .22 is $0.05 but 3 years ago it was higher and in short supply. It went back down.
Ins. will to when given competition from outside state lines.
Ins. will to when given competition from outside state lines.
Bullchit. It can happen and it's happening now even in this environment.
http://kfor.com/2013/07/08/okc-hospital-posting-surgery-prices-online/
These guy's prices blow everyone's out of the water. Imagine if there were 10 of these in every city.
Right, so you're a young healthy kid, that is on mommy and daddy's coverage and you know what's best for everyone else? Get some real world experience with healthcare and come back we will talk. You have no clue what it's like for middle income families to pay more than their mortgage for their health insurance only to try and meet a $10-12K deductible if someone get's sick. Bless your millennial heart.
I've placed no less than 100 individuals and families on individual and group healthcare plans because the VA (socialized medicine) was screwing up so bad. So I've seen what government run healthcare in the U.S. would look like. It ain't pretty how we treat our vets.
BWAHAHA!
http://healthaffairs.org/blog/2011/09/20/medicare-is-more-efficient-than-private-insurance/
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- According to CMS, for common benefits, Medicare spending rose by an average of 4.3 percent each year between 1997 and 2009, while private insurance premiums grew at a rate of 6.5 percent per year. (See Table 13)
- According to a calculation by the National Academy for Social Insurance, if spending on Medicare rose at the same rate as private insurance premiums during that period, Medicare would have cost an additional $114 billion (or 31.7 percent).
- The CBO explicitly stated that its data on relative cost growth should not be used to make the argument that Goodman and Saving make, writing that the relatively low growth rate of all health care expenditures other than Medicare and Medicaid “should not be interpreted as meaning that Medicare or Medicaid is less able to control spending than private insurers.” Goodman and Saving mistakenly suggest that the growth rate of private insurance is the same as the growth rate of all health care expenditures other than Medicare and Medicaid; however, as CBO points out, the growth rate of all health care expenditures other than Medicare and Medicaid includes not just spending by private insurers, but also government programs and out-of-pocket costs paid by the uninsured.
- The CBO has predicted that the rising cost of private insurance will continue to outstrip Medicare for the next 30 years. The private insurance equivalent of Medicare would cost almost 40 percent more in 2022 for a typical 65-year old.
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- According to the Kaiser Family Foundation, administrative costs in Medicare are only about 2 percent of operating expenditures. Defenders of the insurance industry estimate administrative costs as 17 percent of revenue.
- Insurance industry-funded studies exclude private plans’ marketing costs and profitsfrom their calculation of administrative costs. Even so, Medicare’s overhead is dramatically lower.
- Medicare administrative cost figures include the collection of Medicare taxes, fraud and abuse controls, and building costs.
What's your experience with socialized medicine? Bumming off mom and dad until 26?
You would really benefit from an economics course at your local community college.
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Medicare is broke and unfunded.
Explain how that = efficient?
Explain how that = efficient?
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