lindytoes posts,The Congressional Budget Office estimated in 2010 that a version of the public option that negotiated rates with health care providers would save $25 billion over 10 years; a version of the plan tied to Medicare rates could save $110 billion over a decade. That's because Medicare's administrative costs are so much lower than those of private insurers. </snip>I have an engineering degree and an MBA. No one has been able to show me how adding a for-profit health insurer's overhead & profit to a hospital bill is supposed to make health care cheaper. Yet, that continues to be the Republican's preferred solution to rising health care costs.intercst
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