1ff161e6   
   XPost: alt.politics.conservative, alt.politics.republicans, alt.   
   olitics.usa.republican   
   XPost: alt.politics.republican   
   From: xxxrayted@aol.com   
      
   In article   
   <540d1909-419f-449c-875c-928db6718fc6@a6g2000vbp.googlegroups.com>,   
    Democracy Highlander  wrote:   
      
   > On Oct 22, 9:00 pm, ray  wrote:   
   > > Einstein was absolutely correct.  So let's look at why insurance is   
   > > unaffordable today:   
   >   
   > > Medicare and Medicaid are going broke.  Government.   
   >   
   > Why don't the private industry offer for elderly/poor the same   
   > coverage as Medicare/Medicaid   
   > for the same affordable price ? Because any private insurer will go   
   > bankrupt in less than a year.   
   >   
   > Private insurers operates with overhead rates between 35% to up to   
   > 60%. Medicare is well known to operate with less than 2% overhead.   
   > Despite the lies fabricated by the free-marketeers gang, Medicare is   
   > way more efficient that what the best private insurer don't ever dream   
   > to be.   
      
   Wrong.  Private insurance companies operate with an overhead of less   
   than 12%.  And in that figure, the administration costs cover the cost   
   for fraud which our government systems are plagued with.  Too is the   
   fact that because our insurance companies invest money instead of   
   letting it sit there under a mattress like our government systems, it   
   costs more to operate.   
      
   The fraud detection of our government systems is not included in this 2%   
   figure.  They spend massive amounts through the FBI.  Private insurance   
   profits on their investments range around 5 to 6%.   
      
   In the 90's, Newt Gangrich wanted legislation that would indeed offer   
   private insurance to Senior Citizens.  The Democrats made claim that   
   Newt was attempting to end Medicare.  They even went as far as to cut up   
   interviews with Gangrich to make it seem like he was lying.   
      
   But the better question is:  If government can do so much better than   
   insurance companies, why doesn't government offer plans without using   
   taxpayer dollars like the insurance companies do?  They can't, and they   
   know it.   
      
   --   
   Barock Insane Obama: The greatest joke America ever played on itself.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)