[Marxism] Obamacare Cost Cutting
redbeard at riseup.net
Thu Oct 1 21:43:15 MDT 2009
Left out from the Counterpunch article is how much extra the private
insurers cost the federal government.
My parents received several robo-calls spreading fear about Medicare
Advantage being cut. I'd bet they were paid for by the insurance
companies that will miss this profit at the expense of Medicare dollars.
From ^ GAO-09-132R, "Medicare Advantage Expenses"
The Government Accountability Office reported that in 2006, the plans
earned profits of 6.6 percent, had overhead (sales, etc.) of 10.1
percent, and provided 83.3 percent of the revenue dollar in medical
benefits. These administrative costs are far higher than traditional
More info on Medicate Advantage from Physicians for a National Health
More information about the Marxism