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View Diary: Please, someone explain to me how this is "better"? (20 comments)

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  •  Medicare's costs (1+ / 0-)
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    greengemini
    Can someone point me to credible studies that have examined the relative costs between our current system and single payer?
    I haven't found the HSA cost comparison.  With conventional insurance vs. Medicare, the conventional insurance overhead costs are something in the range of 15 - 20%.  Medicare's overhead costs, including collecting the taxes and fraud enforcement, are around 3%.  Do keep in mind that this is as a percentage of the total, not figured per capita.  We elderly use more medical resources than the young, so there are more costs run up by fewer people.  And, in many cases Medicare doesn't pay enough with the excess costs shifted to other patients.
    http://theincidentaleconomist.com/...

    There are lots of ways to run single payer.  Medicare is one example where it is subsidized national insurance.  Canada's system has a separate plan run by each province with Canadian federal money added.

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