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View Diary: Medicare is still more cost-efficient than private insurance (34 comments)

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  •  Having 3-4% admin costs instead (1+ / 0-)
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    annieli

    ... would save approximately 2% GDP every year.

    Imagine putting those kind of resources into infrastructure or preventative health care instead of paying people to shuffle paperwork and argue with each other ().

    () If anything that's on the low side: in my own experience, I had to push my insurance company to talk to an out-of-network ambulance company again and again until they didn't do a very good job of agreeing how much I actually owed.  Took 18 months of weekly badgering of both parties to get that far, which was a waste of my time.

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