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Medicare (single payer healthcare in the US for everyone over age 65) has a lower fraud rate than private insurance, serves millions of seniors and has for deca
by dangerlibrary 5y ago
Medicare (single payer healthcare in the US for everyone over age 65) has a lower fraud rate than private insurance, serves millions of seniors and has for decades, and as an American there is a big discontinuity in actuarial data where your life expectancy literally goes up at 65 because you get access to it.
Maybe don't generalize from a few personal anecdotes to the functioning of the entire 4 million employee federal government?
- deleted 5y ago[deleted]
- sidewndr46 5y agoWhy would I care about the fraud rate of anything? I'm not a fraudster.
- dangerlibrary 5y agoA common right-wing criticism of Medicare that I was trying to pre-empt is that it is rife with waste, fraud, and abuse. But to directly answer your question: if you want your dollars spent effectively, you should care about fraud rates in services you pay for (public or private).
- sidewndr46 5y agoAlright, well I guess I'll take your comment as an attempt at a real conversation. But fraud in the medical industry isn't really something that crosses my mind, nor is it part of my concern about the government dictating my healthcare.
- Apocryphon 5y agoIt's a concern that affects even startups! https://www.cfo.com/risk-compliance/2021/03/ubiome-founders-charged-with-60-million-fraud/ https://www.cfo.com/risk-compliance/2021/03/ubiome-founders-...
- akvadrako 5y agoMedicare is very wasteful, but it doesn't matter why. The US government spends about as much per capita on healthcare as say France, but doesn't cover everybody and without part B is pretty incomplete.
- colinmhayes 5y agoMedicare not only covers the most at risk of our population, but is also by far the cheapest per capita beside medicaid. Yes, American health care is expensive, but medicare is the cheapest way to deliver it.
- downrightmike 5y agoWhy would I care if you were on fire, if I'm not on fire?
- downrightmike 5y agoAnd the management cost is only 1%, vs 17% for healthcare comapnies. A lot of waste that could be helping people.