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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19221  
Subject: Re: Medicare costs higher than private ins Date: 6/27/2009 6:06 PM
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The Heritage Foundation is hardly an authoritative source for analysis on health care costs. They told us that the Gov't would save money by adding private insurers to Medicare. Bush's own Medicare administrator, Kerry Weems, admitted that the private Medicare Advantage (MA) program costs 12% to 13% more than the traditional "fee for service" (FFS) Medicare that doesn't carry all the extra overheads of a for-profit insurer.

http://www.hhs.gov/asl/testify/2008/02/t20080227a.html

In March 2007 MedPAC reported that payments to MA plans in 2006 were on average 12 percent higher than estimated federal costs if the MA enrollees were still in FFS Medicare.

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If the Heritage Foundation's Mr. Book really believed his horse$hit, a Gov't-run public plan would be no threat to the high-margin health insurers that pay his salary.

intercst
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