Monday 31 March 2008 - Filed under Politics
Can some conservative please help me out? Our government, in their infinite wisdom, passed a law that Medicare cannot negotiate with drug companies. Someone please tell me how this is consistent with conservative ideals of free markets?
As an aside, in defense of socialized health insurance, I’ll quote this little gem:
Administrative costs for Medicare are 2-3%. Approximately 30% of private insurance premiums go to overhead, profits, and executive salaries. Doctors and hospitals have to employ huge staffs just to process insurance claims from a multiplicity of insurance companies. About 20% of the income of private doctors goes to pay for this staff. Overall, the administrative costs of private insurance exceed $400 billion a year. That.s enough to cover all of the uninsured without raising taxes.
As usual the people that conservatives are trying to protect are rich corporations.
2008-03-31 » lolife