Medicare’s Low Administrative Costs Cost You $60 Billion a Year
Conn Carroll /
Once left for dead, it now appears likely that the health legislation Majority Leader Harry Reid (D-NV) will introduce sometime this week will include a government run health insurance program. One of the biggest reasons leftists support a government run plan is because they believe government run programs, like Medicare, have lower administrative costs than private plans. First of all, as the Washington Post’s Robert Samuelson notes today, that is simply not true: on a per person basis Medicare actually has higher administrative costs than the private sector.
More importantly, the private sector does a much better job rooting out fraud and waste than the government does. Watch this 60 Minutes story from last night detailing how government run Medicare loses $60 billion in taxpayer in fraud every year: