FixHealthCarePolicy

Medicare Administrative Costs Are Higher, Not Lower, Than for Private Insurance

Many advocates of a public health plan–either a “single-payer” plan or a “public option”–claim that a public health plan will save money compared to private health insurance because “everyone knows” that the largest government health program, Medicare, has lower administrative costs than private insurance. Some even claim that switching every private insured American to Medicare or something like it could save the nation enough money to cover all currently uninsured Americans.

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Tags: public health plan, public plan