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terrestrialFish says...

>> ^gtjwkq:
This congressman is a deluded imbecile, I wanna' bash the anchorman's head for buying into his overhead bullshit and not doing his homework. Medicare's overhead is smaller in overall percentage terms because it wastes a lot more money, that makes the overhead costs smaller in comparison to the total costs which are enormous: They are servicing the elderly!
Not to mention what is wasted on high levels of fraud and abuse, that's not being counted as overhead for Medicare's numbers. Private insurers, on the other hand, waste money fighting against fraud and abuse, and that counts as overhead! Private insurances also have to pay state health insurance taxes of 2-4%, which, you guessed it, counts as overhead, and Medicare doesn't.
It's all bureaucrats fooling around with statistical hedonics. If you compare on a per-person basis, Medicare wastes 25% on overhead, dramatically less efficient than private insurance.



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