General Discussion

Fantastic Anarchist

(7,309 posts) Tue Oct 22, 2013, 07:16 PM Oct 2013

Privatization Benefits the 1%, While Public Services Benefit Everyone

The federal Medicare Administrator made $170,000 in 2010, while the CEO of private insurer United Health Group made almost 300 times that, $48 million, in just one year.

---snip---

Source: The Contributor

21 replies

= new reply since forum marked as read

Highlight:

Privatization Benefits the 1%, While Public Services Benefit Everyone (Original Post) Fantastic Anarchist Oct 2013 OP

K&R Blue Owl Oct 2013 #1

Thank you. Fantastic Anarchist Oct 2013 #2

DURec leftstreet Oct 2013 #3

Thanks, K&R nt Zorra Oct 2013 #4

DU Rec, + bookmarked! Triana Oct 2013 #5

Been saying that for years! gopiscrap Oct 2013 #6

k&r Starry Messenger Oct 2013 #7

If congress nincompoops make $140,000 or so. pangaia Oct 2013 #8

hence Medicare's 2% overhead a2liberal Oct 2013 #9

And 41% for private insurance off the exchange. Fantastic Anarchist Oct 2013 #10

I'm curious where you're getting that number? a2liberal Oct 2013 #15

I could be wrong but I think I read it on the PNHP FAQ Fantastic Anarchist Oct 2013 #18

found it I think a2liberal Oct 2013 #20

That was an average of all private insurance. Fantastic Anarchist Oct 2013 #21

K&R. nt OnyxCollie Oct 2013 #11

The un-savings are passed on to the consumer. JEFF9K Oct 2013 #12

These Libertarian Ideologues Would Outlaw Public Libraries Ace Acme Oct 2013 #13

Truth. K&R nt TBF Oct 2013 #14

How does every game of Monopoly end? grahamhgreen Oct 2013 #16

Insert talking point about "equality is UNAMERICAN and will lead to SOCIALISM" here... YoungDemCA Oct 2013 #17

I love it when they say that ... Fantastic Anarchist Oct 2013 #19

Blue Owl

(50,425 posts)

1. K&R

Reply to Fantastic Anarchist (Original post)

Tue Oct 22, 2013, 07:23 PM

Oct 2013

Fantastic Anarchist

(7,309 posts)

2. Thank you.

Reply to Blue Owl (Reply #1)

Tue Oct 22, 2013, 07:26 PM

Oct 2013

leftstreet

(36,109 posts)

3. DURec

Reply to Fantastic Anarchist (Original post)

Tue Oct 22, 2013, 07:50 PM

Oct 2013

Zorra

(27,670 posts)

4. Thanks, K&R nt

Reply to Fantastic Anarchist (Original post)

Tue Oct 22, 2013, 07:51 PM

Oct 2013

Triana

(22,666 posts)

5. DU Rec, + bookmarked!

Reply to Fantastic Anarchist (Original post)

Tue Oct 22, 2013, 08:03 PM

Oct 2013

Great article outlining precisely why our public services must NOT be privatized!

gopiscrap

(23,761 posts)

6. Been saying that for years!

Reply to Fantastic Anarchist (Original post)

Tue Oct 22, 2013, 08:17 PM

Oct 2013

Starry Messenger

(32,342 posts)

7. k&r

Reply to Fantastic Anarchist (Original post)

Tue Oct 22, 2013, 08:19 PM

Oct 2013

pangaia

(24,324 posts)

8. If congress nincompoops make $140,000 or so.

Reply to Fantastic Anarchist (Original post)

Tue Oct 22, 2013, 08:21 PM

Oct 2013

I think the Federal Medicare Administrator should get a raise.
I'd be willing to bet he/she doesn't show up Tue morning and go home Thurs night.

a2liberal

(1,524 posts)

9. hence Medicare's 2% overhead

Reply to Fantastic Anarchist (Original post)

Tue Oct 22, 2013, 08:31 PM

Oct 2013

versus the 15-20 % allowed by ACA (and 17% average before) for private plans

Fantastic Anarchist

(7,309 posts)

10. And 41% for private insurance off the exchange.

Reply to a2liberal (Reply #9)

Tue Oct 22, 2013, 08:41 PM

Oct 2013

a2liberal

(1,524 posts)

15. I'm curious where you're getting that number?

Reply to Fantastic Anarchist (Reply #10)

Wed Oct 23, 2013, 03:26 AM

Oct 2013

I'm not disputing the validity, just curious because the numbers I'd previously heard before the ACA were around the 20%-ish. I suppose that could've been an average?

Fantastic Anarchist

(7,309 posts)

18. I could be wrong but I think I read it on the PNHP FAQ

Reply to a2liberal (Reply #15)

Wed Oct 23, 2013, 07:56 AM

Oct 2013

I'm sorry I'm not able to source it now - it was a few years since I've read that (and I could be wrong).

Here's PNHP's site. I have to run off to work, so I'm not passing the buck. I'll see if I can find it later.

http://www.pnhp.org/

a2liberal

(1,524 posts)

20. found it I think

Reply to Fantastic Anarchist (Reply #18)

Wed Oct 23, 2013, 11:56 AM

Oct 2013

http://www.pnhp.org/resources/administrative-waste-consumes-31-percent-of-health-spending

interestingly, their estimate of private insurance overhead (vs overhead in the entire system) is actually lower than any other number I've ever seen... don't think I believe it

Fantastic Anarchist

(7,309 posts)

21. That was an average of all private insurance.

Reply to a2liberal (Reply #20)

Wed Oct 23, 2013, 12:23 PM

Oct 2013

The key word is average.

But overall, 31% is still egregiously high. So, I was off by 10 points, but meh, we'll split the difference.

By the way, thanks for doing the legwork for me. I was in a crazy hurry this morning.