Biotech Values

[bladerunner1717]

krenip,

I saw an interview on FOX News with a nurse from California in which she stated that overhead costs for private insurers runs about 30%, but it is only about 3% for Medicare. (O'Reilly made some stupid comment about there being alot more fraud in Medicare.)

My first question is: Are the nurse's statistics correct? And, if they are correct, why do private insurers have a ten times greater overhead than Medicare, certainly something that you would not expect to be the case.


Bladerunner