I found a Washington Examiner article that says the government's estimate of medicare fraud is an astounding 12% of payouts. If true, that pretty much kills the administrative costs argument (unless private insurance companies have a 12% rate too). See http://www.washingtonexaminer.com/opinion/First_-stop-Medicare-and-Medicaid-fraud-8559066-70554417.html
Labels: health care
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