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Medicare doesn't really do administration in the way that you think. There are something like 10-12 regions within the US, and for each region, Medicare contra
by coredog64 1y ago
Medicare doesn't really do administration in the way that you think. There are something like 10-12 regions within the US, and for each region, Medicare contracts with a private health insurer to manage insurance administration within that region. Medicare just moves the money around to cover the admin contracts and to backstop the claims.
And this is before you get to Medicare Advantage, which is where Medicare just pays for private insurance premiums for people who think vanilla Medicare sucks.
- mothballed 1y agoOK, but if that's the case the medicare data should show the spending went significantly up after the ACA caps, which doesn't prove the thesis but is necessary condition for it. https://paragoninstitute.org/wp-content/uploads/2024/03/9DG_HealthStocks.webp https://paragoninstitute.org/wp-content/uploads/2024/03/9DG_... https://truthout.org/app/uploads/2024/12/insurers-profits-big-1200x675.jpg https://truthout.org/app/uploads/2024/12/insurers-profits-bi...