President Bush vetoed a Medicare bill today that postponed a cut in doctor's salaries while initiating cuts in certain Medicare reimbursements to insurers. His stated reason was that it would reduce plan options for seniors.
What he didn't say was that private insurers receive nearly 15% more than Medicare pays for the same services. While Bush claims that competition is the key to keeping health costs low, under his administration, we are paying private companies a 15% premium to cover the extra layer of admin costs that result from their participation.
If competition is supposed to lower heath care costs, why is the private sector receiving a premium?
Tuesday, July 15, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment