| I'm honestly not sure if I should attribute this comment to disingenuity, ignorance or just bad faith. > pushing back on anesthesiology pay on the East Coast. Not even close. BCBS was just pushing extra charges onto patients. > insurers working to make surgeries cost less This is laughably ill-informed, I don't know where to begin. The only thing insurers are doing is increasing the gap between what they collect and what they have to pay out. They do this by denying claims. Making the service cheaper has nothing to do with it. > where medical staff are paid 2-3x more than they are in other countries Because medical school is so expensive. Also, doctors spend 3-8 years working for minimum wage (ie medical residency) and the cost of billing and administration is enormous. One study showed a primary care doctor spent $99,000 a year on billing and roughly 25% of ER income spent on the same [1]. The US spends the most per capita on healthcare than any other OECD country, by about 50% (Switzerland is #2) [2] for less coverage, worse outcomes and lower life expectancy. Medicare spends almost all (~98.5%) of its funds on patient care and ~1.5% on admin, compared to 15-25% on admin for private insurers (including Medicare Advantage). It amazes me how concifently wrong and ignorant about a subject can be while having such strong opinions. [1]: https://www.fiercehealthcare.com/finance/study-billing-for-m... [2]: https://www.oecd-ilibrary.org/sites/7a7afb35-en/1/3/7/2/inde... |
You cannot reasonably support Medicare and claim that Anthem was doing something unconscionable, because Anthem was adopting Medicare's own policies.
Medicare's admin cost ratio is a function of who it covers. Somewhere in the comment history on HN, there's a short writeup I did of how the math works out if you extend Medicare to the whole population; the admin overhead, for obvious reasons, shoots up --- people pay the same amount of money but require far fewer services, reversing the "advantage" Medicare has in the metric currently.