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View Diary: What I Keep Not Hearing About Medicare (182 comments)

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  •  Turning Medicare private can ONLY increase costs (4+ / 0-)

    We have a certain number of seniors in this country who are going to need a certain amount of medical care on average per person (unless we really are willing to have people die for want of insurance) so the outflow- cost of health care for that population is what it is.  It is just a question of how we pay for it.  If it is Medicare, it will cost the cost of health care plus Medicare's 3% admin.  If it is private it is the same cost of health care plus the health insurance company's 20%+ overhead and profit.

    Newt Gingrich: Believes marriage is between one man and a series of ever younger women. Wife #1 born ~ 1936, divorced when in her mid-40s...Wife #2 born ~1947, divorced when in her mid-40s...Wife #3 born ~1966.

    by trillian on Fri Oct 12, 2012 at 11:48:21 AM PDT

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    •  True, except that the overhead plus profits to (4+ / 0-)

      shareholders at many of the for-profit insurance companies hits 30% and even higher.

      As Bill Clinton said, it's the math.

      Eliminate tax breaks that stimulate the offshoring of jobs.

      by RJDixon74135 on Fri Oct 12, 2012 at 11:55:27 AM PDT

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      •  But Math Has A Well Know Liberal Bias (1+ / 0-)
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        Hey, thanks for the explanation above about Medicare.  I don't know the percentage of American that could answer simple questions about Medicare, but I would bet that it is pretty low.  If more people had the basic facts, I gotta believe it would be a lot harder for the Republicans to get away with all their BS.  

        I guess that is why Republicans are so against public education!

        Poor man wants to be rich. Rich man wants to king. And the king ain't satisifed until he rules everything. B.Springsteen

        by howd on Fri Oct 12, 2012 at 02:52:08 PM PDT

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