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DU Home » Latest Threads » Forums & Groups » Topics » Politics & Government » Populist Reform of the Democratic Party (Group) » Understanding the Corpora... » Reply #25

Response to Hoyt (Reply #4)

Sun Nov 16, 2014, 12:53 AM

25. Well, as I understand it, when the Government administers Medicaid, the overhead is 3%. But now that

Private Ins Corps have managed to get their hands on it, the overhead is 20%, down from 30% airc as part of the negotiations.

That means that Public Funds intended for those who cannot afford Private Ins, are now passing through the hands of the Private Ins Industry, and on their way, 20% that should be going to actual HC is taken out and pocketed by Private Ins Corps.

THAT was what they wanted, to get their hands on yet another Public Fund. There is simply NO reason why Medicaid could not have continued to be administrated by the Government, other than to provide PROFITS for the Private Ins Corps. What a waste of Public funds, and a tragic one.

As far as your point regarding getting Republicans on board? I don't think a single Republican voted for the ACA. So Dems did it alone, did they not?

We need a National HC System, period. The Private Ins Corps were failing due to the crash when so many Americans lost their jobs. Those lost jobs meant lost revenue for the Private Ins Corps.

It was a Golden Opportunity to finally go for a National HC system. But instead we bailed out the Private Health Ins Corps and left millions still without coverage.

Sorry, I opposed the Heritage Foundation's long struggle to grab Public Funds and put them into private hands. I opposed Hillary and McCain's proposal for Mandated Ins/Romneycare.

I supported Obama because he too opposed all that and promised to fight for at least a PO.

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truedelphi Nov 2014 OP
Mnemosyne Nov 2014 #1
peacebird Nov 2014 #2
L0oniX Nov 2014 #3
Hoyt Nov 2014 #4
truedelphi Nov 2014 #13
Hoyt Nov 2014 #16
LineLineReply Well, as I understand it, when the Government administers Medicaid, the overhead is 3%. But now that
sabrina 1 Nov 2014 #25
Hoyt Nov 2014 #26
sabrina 1 Nov 2014 #27
Hoyt Nov 2014 #28
sabrina 1 Nov 2014 #29
jwirr Nov 2014 #50
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Doctor_J Nov 2014 #19
sabrina 1 Nov 2014 #30
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