The Motley Fool Discussion Boards
Retirement Discussions / Retire Early Liberal Edition
|Subject: Re: Oopss....error...error||Date: 10/27/2009 10:21 AM|
|Author: telegraph||Number: 21437 of 60459|
"(And even these numbers may unduly favor private plans: A recent General Accounting Office report found that in 2006 Medicare Advantage plans spent 83.3 percent of their revenue on medical expenses, with 10.1 percent going to non-medical expenses and 6.6 percent to profits—a 16.7 percent administrative share.) "
You forget that the taxpayers subsidize the government to the tune of hundreds of billions.
Fed buildings exempt from state and local taxes....thus, all residents pay more to provide those 'tax exempt' services.
Feds pay no income taxes ...on all the money they collect.
Gov't workers get pay that is 70% above similar workers in private industry, and tax payers will be on the hook for trillions in pensions and health benefits for decades....busting the budget....
None of that shows up in the official 'cost'.....but tax payers are getting to pay for it 6 dozen other ways in higher taxes, less collected income, and fat gov't pensions/perks forever ...
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|