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IronLionZion

(51,148 posts)

9. That is CMS administrative costs for medicare, which is only one portion.

Reply to candelista (Reply #6)

Thu Jul 24, 2014, 10:29 AM

Jul 2014

HHS, IRS, SSA, and other entities also have plenty of administrative costs as part of the Medicare system, and the states have plenty of costs for administering Medicaid. And there are around 150,000 contractors in the program.

Look, I support a Medicare for all single payer system too, but their admin costs are much higher than you think. An educated guess would put it closer to 7%, which seems small until you think about the massive size of the Medicare program. We are bigger and cover more patients than any insurance company can even dream about.

Just think about what sort of people who would be processing your claims in a single payer system. Oh yes, it would be people like me! And I'm obviously DUing at work!

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U.S. health insurers to pay $330 million in premium rebates [View all] n2doc Jul 2014 OP

A 15% margin is better than a lot of industries make who pipoman Jul 2014 #1

It's not all profit, its total administrative expenses IronLionZion Jul 2014 #3

Medicare administrative costs are about 3%. candelista Jul 2014 #6

That is CMS administrative costs for medicare, which is only one portion. IronLionZion Jul 2014 #9

Margin is almost never net...most margins require salaries pipoman Jul 2014 #15

And this is one more reason why the repugs want to kill off the ACA .... Botany Jul 2014 #2

Repugs are also terrified that this will lead to single payer IronLionZion Jul 2014 #4

They are? candelista Jul 2014 #7

Why are they fighting it tooth and nail? IronLionZion Jul 2014 #10

That's theater to please the base. candelista Jul 2014 #11

It can't possibly lead to single payer Doctor_J Jul 2014 #28

My first thought when I read the headline was... davidpdx Jul 2014 #5

And two DC Court Appeals wingnut judges ruled you can't have that rebate bigdarryl Jul 2014 #8

Three-hundredths of one percent of private premiums. nt MannyGoldstein Jul 2014 #12

And a 100% increase in rebates over the pre-ACA days. riqster Jul 2014 #13

A penny would do that, too. MannyGoldstein Jul 2014 #14

Its good to be skeptical about things jamzrockz Jul 2014 #16

My point is that a family's receipt of a rebate is a good thing. riqster Jul 2014 #17

You don't think perspective is useful? nt MannyGoldstein Jul 2014 #20

I think that perspectives are of varied utility, depending on context and specifics. riqster Jul 2014 #22

here's some perspective: Premiums wld hve been $3.8 bil HIGHER if MLR remained the same as 2011's Bill USA Jul 2014 #29

A Letter comes with the rebate telling you that insurance company over charged you, kept your money DhhD Jul 2014 #32

with guaranteed premiums from everyone, they can spare it Doctor_J Jul 2014 #27

yep. And it costs at least five times as much as Medicare Doctor_J Jul 2014 #25

Will the jerks at Fox Lies report this one?...k and r Stuart G Jul 2014 #18

Medical Loss Ratio underpants Jul 2014 #19

Extremely good news. conservaphobe Jul 2014 #21

More than a dome's worth of difference... Orsino Jul 2014 #23

Yeah, baby, that's what I'm talkin' about libodem Jul 2014 #24

$80/ year when the premiums are $5000? Doctor_J Jul 2014 #26

Better than a sharp stick in the eye. grahamhgreen Jul 2014 #30

what about the Gov. paid insurance subsidy money. Does the Gov get a lower price? Sunlei Jul 2014 #31

$330 million that won't be going to corporate profits! Initech Jul 2014 #33