No. of Recommendations: 3
The Bush regime wrote "Medicare Advantage" and "Part D" specifically to deal in private insurance companies, so they could skim that cash flow. Then we get luminaries like Paul Ryan, who wanted to turn Medicare into "premium support" to force all the people on conventional Medicare, into the arms of the private insurance companies, so they could skim that cash flow as well.
Amen, brother.
Medicare overheard is 2% ish.
By law, here in California, private health insurance is allowed a 15% profit margin. Nationally, it's between 12 to 18%. I don't understand how it is advantageous to the patients or the doctors to have a third-party in the middle skimming 12 to 18%. Where is the value add? I understand the concept of pooling risks, but Medicare for all would do effectively the same thing.
