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View Diary: Health Insurers Refuse to Rescind "Unreasonable" Rates; Snub Feds (250 comments)

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  •  it's not a surprise at all (4+ / 0-)

    And entirely why public-option supporters (and the CBO) were saying that ACA wasn't going to save people lots of money.

    When private insurance spends 13% of total health care spending to fight the doctor's billing (and doctors presumably spend an equal 13% of spending fighting the insurance companies), and the ACA enshrines that status into law, you have a tremendously expensive, inefficient system.

    When medicare's total admin overhead is 3-5% (and presumably the doctors match at 3-5%), a PO saves 16% of total health care spending (and medicare has kept inflation down.) That would have been an effective reform.

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