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View Diary: Post exposes an inconvenient truth - insurers will still cherry pick (168 comments)

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    buckhorn okie, vigilant meerkat

    Ah so seniors should just die. That is great maybe then we wont have idiots showing up to town halls "telling the government to keep its hands of Medicare," but on the other hand I can't support killing people just to eliminate ignorance.
    Medicare is way cheaper then the private market.
    Medicares medical loss ratio is less then 2%, compared to the private markets loss of around 30%.
    That right there has Medicare being 28+% cheaper.
    But wait! It doesn't stop there! Here are other ways medicare is more efficient
    Medicares payment system (which could be improved to save even more).
    Medicare uses Comparative effectiveness.
    Medicare negotiates drug prices (though the GOP prevented this for a while because to them the Pharm industry is more important then peoples lives).
    Here's some facts:
    Since Medicare has been around its cost have increased on average more then 1% less each year the private market (per capita).
    Seniors use 3.4 more health care services then the average American. After you adjust that fact into the costs of Medicare and the private market, you find that Medicare is more then 40% less expensive then the private market

    Pencils aren't for eating. Trust me.

    by Hamtree on Sat Oct 03, 2009 at 11:39:46 PM PDT

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    •  I didn't say anyone should just die. (1+ / 0-)
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      I don't have issues with Medicare existing. Nor with the general practices of it, except for some of the stupidities of Medicare Part D that I see family members pulling hair out trying to deal with.

      But whatever cost savings happen, there is a payment point where the costs of seeing the patient or doing the procedure get paid while letting the providers provide for their own basic needs. Going below that point doesn't help anyone, because sooner or later the doctor can't afford to keep the lights on.

      Hoping and praying that the empty chairs and empty tables in Iran when all is said and done are as few as possible.

      by Cassandra Waites on Sat Oct 03, 2009 at 11:53:46 PM PDT

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