The State of Maryland was conducting a study to consider the State using a
Single Payer system. A professor from U of Mass, Amherst working with the State
noted that Medicare has an overhead cost of less that 3%, meaning that every
dollar paid into the system 97 cents is available to pay the health care
providers. In contrast, insurance companies have overhead costs of 15% to as
high as over 50%. Where does the difference go? Administration to deny
coverage, CEO and executive needs, profits and shareholder dividens. If you are
still thinking of the "Death Panels", ask yourself how many Medicare
patients are denied vs. people covered by private insurance.Google Single
Payer System, you'll find the interview and other information. Utah may
want to consider this option.
If it is up to our legislators, then we're probably in trouble again.They have much more important things to do. Like pushing anti-Federal
message bills, pandering to their corporate sponsors and making sure the land
developers are happy after they move the prison.
@ItsjstmeagainI think you have missed an important point. What is
the quality of care received from Medicare vs private insurance? The legislator
(doctor) that was interviewed for this story commented that it was hard to give
the appropriate care with what Medicaid is willing to pay. Yes, more people
will have access to healthcare if they are all on Medicaid, but the overall
standard of care will be brought down by this move.