Hullabaloo: "If Medicare costs had risen as fast as private insurance premiums, it would cost around 40 percent more than it does. If private insurers had done as well as Medicare at controlling costs, insurance would be a lot cheaper."
That presumes that Medicare and private insurance offer the same coverage, benefits, service, etc. Also the laws make private insurance subsidize Medicare and many doctors won't accept new Medicare patients because they lose money. If everyone was on Medicare then why would any doctor provide service?
Monday, June 13, 2011
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