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I don’t know about social security but the claim that Medicare is more efficient than private insurers is not correct. It only appears to be so due to accountin
by formercoder 7y ago
I don’t know about social security but the claim that Medicare is more efficient than private insurers is not correct. It only appears to be so due to accounting procedures that do not expense services from other govt agencies on Medicare’s pnl. So for example, a different department of the government handles billing, all the costs therein are not included in Medicare’s bottom line, thus inflating its efficiency.
- toomuchtodo 7y agohttps://www.politifact.com/truth-o-meter/statements/2017/sep/20/bernie-s/comparing-administrative-costs-private-insurance-a/ https://www.politifact.com/truth-o-meter/statements/2017/sep... (Comparing administrative costs for private insurance and Medicare) Medicare is still more efficient than private insurance, even allowing for Social Security handling a lot of the administration you mention. Social Security must exist, and must provide the services it does, so you would of course rely on their infra if you're Medicare.
- formercoder 7y agoSo the government is incredibly inefficient at everything... except health insurance?
- toomuchtodo 7y agoThose weren't my words at all.