Medicare Loses Nearly 4 Times as Much Money as Health Insurers Make
Next time someone decries insurance company profits, remind him that fraud and waste in Medicare and Medicaid far exceed these dollar amounts. Check out Jeffrey Anderson’s article in the Weekly Standard: “Medicare Loses Nearly Four Times as Much Money as Health Insurers Make.” See also my previous post: “Medicare & Medicaid fraud far exceeds insurance company profits.”
The Medicaid Wrecking Ball: it busts state budgets
Peter Suderman at Reason explains Medicaid is busting state budgets: Federal matching funds to states encourage eligibility expansion. More people qualify because of recession, but tax revenues are also down. Even Democrat governors are looking to limit eligibility.
Authorities won’t enforce Medicare Advantage restrictions until after election
“The White House has apparently decided that it won’t enforce the unpopular parts of its health-care plan until after the 2012 election. The latest evidence is its decision not to slash Medicare Advantage, the program that Democrats hate because it lets seniors choose private insurance options” – WSJ
The Road To Socialized Medicine Is Paved With Pre-existing Conditions – The Objectivist – – Forbes
The government takeover of medicine & medical insurance has been an incremental process. At Forbes.com, read about the “general pattern of the expansion [where] advocates point to some group in real or alleged dire need and declare that Washington has a duty to act.”
Yes, Medicare is an (unsustainable & bankrupt) welfare program
“With Medicare, we are all still making out like bandits, shoving all those costs to future generations,” said [economist Eugene] Steuerle. “At another level, we know that this system is totally unsustainable.”
ObamaCare and Colorado Medicaid Spending: Should Colorado Drop Out?
If the recent federal health care legislation remains as it currently exists, citizens and states might be better off exiting Medicaid and letting the federal government pay for health insurance for eligible Colorado citizens.
How Medicare vouchers could bypass health care rationing
The debate over which medical treatments Medicare would cover would vanish if instead of running a monopolistic health plan for seniors, government subsidized seniors’ purchase of the insurance plan of their choice.
Colorado Amendment 63 vs. the “endless lawsuit” argument
A common argument against Amendment 63 is that it “will lead to endless lawsuits.” This is like opposing the First Amendment because of potential lawsuits from people seeking to use government to restrict your free speech.
Colorado Amendment 63: refuting the “cost-shift” & other flawed opposition
Boulder Daily Camera: Health care needs real reform, but mandatory insurance does the opposite by entrenching the worst of current policies. It bans affordable insurance, increases costs, and further extends insurers’ government-granted privileges at patients’ expense.
Donald Berwick won’t answer critics
Via Human Events, Donald Berwick, head of the Center for Medicare and Medicaid Services, “won’t, engage critics, grant interviews, or testify before Congress about his views on health-care rationing.”
Medicaid Rescissions Worse than Private Insurers
THe health control legislation [HR 3590] expands Medicaid eligibility. John Goodman explains how Medicaid‘s denial of coverage are worse than private insurers: During the year leading up to the final passage of the Patient Protection and Affordable Care Act (PPACA), the White House set up a special Web site and invited all Americans to post […]
Colorado Medicaid errors far exceed commercial insurers’
Look forward to more costly errors at the expense of your tax dollars. The new health control legislation (HR 3590) expands Medicaid eligibility. Linda Gorman points out that Colorado Medicaid’s error rate in paying claims is much higher than private insurers. Her reference is the 2009 State of Colorado Statewide SIngle Audit. The section of […]
