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We have politicians running on a platform of abolishing insurance companies. That is as close to a platform of fireing people as you can get.
by gizmo686 8y ago
We have politicians running on a platform of abolishing insurance companies. That is as close to a platform of fireing people as you can get.
- ars 8y agoThat's true, but that's not the same as firing Dr's or Nurses. From https://www.iii.org/fact-statistic/facts-statistics-industry-overview https://www.iii.org/fact-statistic/facts-statistics-industry... it seems insurance companies add about 20% to the cost of healthcare. https://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... says 12%. The same article says Medicare is 2% with the assistance of industry groups, but would cost more without them. So, abolishing insurance companies would save maybe 5%. That's not zero, but it's not exactly a lot, and would not come close to what's needed.