Quote:
Originally Posted by rahl
I'm sorry but now your doing the very thing you accuse me of doing, speculating. Other countries aren't this one. Now let's say your right for a moment, wouldn't you then be eliminating a large number of jobs from just about every company in this country, specifically HR departments?
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So you are saying that an inefficient system should be sustained because of the jobs involved?
And other countries aren't this one, some basic economic principles still apply. It is simple logic. You eliminate overhead costs associated with maintaining and providing several different types of insurance, and costs go down. There is no hidden variable that would counterbalance this here.
But if you need evidence from this country, medicare is significantly more cost effective than private insurance:
Assessing the Viability of Medicare: Testimony for The Joint Economic Committee Hearing
http://content.healthaffairs.org/cgi...t/22/2/230.pdf
By the way, overhead costs associated with medicare are estimated as being between 2 and 5% of all costs. Private insurance has 16 to 31%....