Private insurance has lower administrative costs. Everybody “knows” that government agencies are more efficient than private health insurance at delivering medical benefits and services. After all, Medicare’s administrative costs, at roughly 2 percent of the cost of benefits, are lower than those of private insurance. In the first presidential ... MORERobert Moffit & Alyene Senger: MediCare's 'Efficiency'
Private insurance has lower administrative costs. Everybody “knows” that government agencies are more efficient than private health insurance at delivering medical benefits and services. After all, Medicare’s administrative costs, at roughly 2 percent of the cost of benefits, are lower than those of private insurance. In the first presidential ... MORE