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Re: New Element: this is really? off list

are you separating the investor compensation cost? Really? 40%
administration or does that include payment to the capitalists?

A goo. search easily finds data on % GNP spent on health and the WHO
standard. Something like 30 countries are above the US in their rating
and the majority spend less.

Capitalism seeks to control the essentials. It used to be the govt.
either owned them or regulated them, no longer.

bc



John Barrer wrote:

Brian wrote


I dispute John's assertion that the private US
medical industry has a 40% overhead, at least in
terms of
proportion of Gross National Product expended.




Proportion of GNP is irrelevant. For every $100 paid
out in Medicare benefits, admin costs are about $3.
For every $100 paid out in benefits by private health
care insurers, admin costs (taken in TOTAL admin costs
in all parts of the system) are about $40. This is a
stunningly bad deal. John Barrere

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