Biotech Values

[jbog]

Blade,

""Medicare is three to ten times more administratively efficient (depending on which analysis you go by), cost-wise, than the private insurers"""

That's a bunch of crap. You cannot compare apples to oranges.

Doesn't anyone in America use their head anymore?

When the government publishs something like this, sit back and think of how this could be?

Could it be because the per event procedure for an 75 year old would cost 10 times that of giving a child an vaccine? The average Medicare receipient cost $7000 per year while the average private insured person is around $2400.

Could it be because Medicare doesn't invoice, collect or market their product? They use LAW to set the rules.

Could it be that they force the Provider to carry the administrative burden?

Could it be that they don't include the pro-rated cost of all the other government divisions? Do they include the cost of Congress when they debate Medicare Law? Kripe they don't even include CMS in their numbers.

Finally, if you want the REAL answer find out what Medicares administrative cost PER PATIENT is and compare that to the private insurer. Adjust the amount by Accts Rec and billing any I'm sure you'll have a different result.

http://www.cahi.org/cahi_contents/resources/pdf/CAHI_Medicare_Admin_Final_Publication.pdf