Um, Medicare is more efficient and it isn't going broke anytime soon. Add in financial stability and cost savings provided by the proposed public option and Medicare is in excellent shape and is a paragon compared to any other health plan out there.
Grow up and use real data. Judah On Sun, Aug 23, 2009 at 7:43 PM, Robert Munn<[email protected]> wrote: > > As the President reminded us the other night, Medicare is going broke. > So why is modeling a system after Medicare even part of the > discussion? Because it is politically popular, not because it is > financially successful. > > On 8/23/09, Gruss Gott <[email protected]> wrote: >> >> Lots out there recently about the myth of Medicare efficiency: >> http://rossputin.com/blog/index.php/taking-apart-the-medicare-efficiency-myt >> >> (1.) The calculation doesn't factor in tax collection costs. Medicare >> is funded through a forced deduction from your pay via the Federal >> Insurance Contributions Act tax, which takes a flat 2.9% of your >> income. >> >> (2.) The calculation counts private insurance services such as disease >> management "admin costs". >> >> (3.) Most importantly, the calculation is faulty best seen by this analogy: >> >> Imagine, for a moment, that Fred and Jane each have a credit card >> from a different bank. Fred charges $5,000 a month, and Jane charges >> $1,000 a month. Suppose it costs each bank $5 to produce and send a >> plastic credit card when the account is opened. That $5 >> administrative cost is a much lower percentage of Freds monthly >> charges than it is of Janes, but that does not mean Freds bank is >> more efficient. It is purely a mathematical artifact of Freds >> charging pattern, and it would be silly to compare the efficiency of >> bank operations on that basis. Yet that is how many analysts compare >> Medicare with private ins >> >> > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Want to reach the ColdFusion community with something they want? Let them know on the House of Fusion mailing lists Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:302436 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
