So I posted the .gif going around FB about Medicare Overhead vs HMO Overhead, and one of my friends

[LaydeeBug]

told me:

I just answered a research question on this the administration cost to medicaid is .33 to the dollar as private insurance average is .18 to the dollar

I said, "Really? This can't include CEO bonuses...there's no way" and she says that she "works for the industry" and "can pull up both sides to any argument" So I told her that was awesome...Maybe she could post her data, or send a link as opposed to expecting me to take her word for it.

I'm still waiting...

[abelenkpe]

1. Methinks you'll be waiting a long time

But do let us know if she gets back to you.

My father worked for the insurance business. He says single payer is the only thing that will truly save money. And he's a conservative.

[LaydeeBug]

6. She tried to say that Medicare gets benefits too...

I told her that it wasn't even honest to try and compare Medicare bonuses with what these CEO's are taking...

[abelenkpe]

8. You're doing good!

And so right about that. It is important to call people out on misinformation!

[Scootaloo]

2. Private insurance has all sorts of ways to "cut cost"

such as denying every claim that they can, expelling people from insurance plans, and of course, refusing to cover. it's an industry that makes its money by NOT providing a product or service. That they have costs at all with this sort of business model reveals just how perversely inefficient they are.

[Motown_Johnny]

3. It is a flat out lie. No way she can prove that one.

[elleng]

4. She's got to include marketing/promotion/advertising.

Bet she won't.

AND difference between 'private insurance' and 'HMO.'

[Make7]

5. I think these people are in the industry:

 
[div class="excerpt" style="border: 1px solid #bfbfbf; border-radius: 0.4615em; box-shadow: 3px 3px 3px #bfbfbf;"]Administrative costs of Medicaid are less than 7 percent, or half the rate that’s typically seen in the private sector. Medicaid holds down costs in part by paying providers lower fees and doing little marketing.[font style="font-size:0.8462em;"]


http://www.kaiserhealthnews.org/stories/2009/july/01/medicaid-true-or-false.aspx[/font]

[sinkingfeeling]

7. Even Kaiser admits that Medicaid is way more efficient.

http://www.kaiserhealthnews.org/stories/2009/july/01/medicaid-true-or-false.aspx

7. Medicaid is more efficient than private insurance.

True. Administrative costs of Medicaid are less than 7 percent, or half the rate that’s typically seen in the private sector. Medicaid holds down costs in part by paying providers lower fees and doing little marketing.

[russspeakeasy]

9. Hope you don't have any appointments for the next few years.

It's gonna take her awhile.