Tuesday, December 7, 2010

Will throwing the health insurance companies under the bus magically lower the cost of health care?

Have you ever paid for your medical bills using your own money? If you have then you would know the insurance companies are not the ones charging outrageous prices. Its the health care providers that are charging so much. Funny how the Obama administration only wants to focus on a small part of the problem eliminating any chances of actually fixing the real problems.
--------------------
Insurance companies have about 30% overhead vs 4% for medicare.....that means medicare has more of its funding actually getting to where it needs to go, while the private insurance siphons more money to investors and CEOs for private jets. The difference is greater than 1/4 of their total income from insurance fees. However, tackling the insurance companies without following up with the crooks at the drug companies will ultimately be insufficient. No other nation on earth pays more for the same drugs we buy and every other country pays less....we cant have that if we want affordable healthcare.
Source

No comments:

Post a Comment