Why all the fuss about single payer? Because nearly 1/3 of the health care dollar goes to overhead, currently, while Medicare keeps costs in the 2-3% range. Administering health care is something the U.S. government can do VERY efficiently compared to private insurers, partly because ad campaigns, salaries & bonuses aren't allowed to be outrageous.The only ones who stand to lose are insurance companies and their overpaid execs - even doctors are on-board with this concept.
Do you know what the estimate is for the money that could be saved on paperwork alone? $350 BILLION per YEAR. On paperwork to keep the plethora of insurance forms filled out. All so non-medically trained bureaucrats can make decisions about how much to pay for medical procedures versus how much to pay the insurance executives.
Duke Medical has a ratio of one billing clerk PER hospital bed in their system just to cope with all the insurance forms and rules. That's plain got to stop.
to submit his fear-mongering to the Wall Street Journal, the very same place all the practitioners of derivative voodoo look to when they want to read the tea leaves.