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Medicare’s Rx: A $15 Billion Boondoggle

10/15/07, 1:47 pm EST

Far from bringing new efficiencies and savings, the inclusion of private insurers in the Medicare prescription drug bill is costing us $15 billion over government-run healthcare, according to a study released today by the House Oversight Committee.

Excess administrative costs eat up $180 per participant:

And the volume discounts negotiated on drug prices with Big Pharma are just a joke:

But hey, other than that, it’s a great bill.


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Comments

gasp | 10/15/2007, 2:12 pm EST

What are the odds that a gruesome patchwork mix of private and social medicare would be inefficient and costly!?

Jed Clampett | 10/15/2007, 4:32 pm EST

hey, $840 for a 10 minute ophtalmologist visit that only prescribed some fake teardrops. that is with insurance. can you imagine how much it would have been without? 3 times more? When you make healthcare a for profit enterprise and put greedy basstards in control of it you have a recipe for disaster and abuse that benefits only those that control the system and it’s inefficiencies and inequities. ie. the health insurance companies.

Jed Clampett | 10/18/2007, 10:48 am EST

IS it too much to ask?

we want health care that works for the majority in the most efficient and cost effective manner possible. A system in which people are cured of their disease rather than having their symptoms ‘treated’ for perpetuity. We want a system in which medicines are thoroughly studied and investigated to not only make sure they work as advertized but to ensure they don’t have unforseen side effects like exploding heart muscles. We want a system where a person can go get diagnosed for $50 or $60 dollars without having to wait in a crowded waiting room for 27 hrs. We want a health care system that makes sense, that isn’t stacked in favor of corporations that would stiffle new technologies because those would jeopardize their stranglehold on the economics of medicine. In short, we want something that actually works for the benefit of the society as a whole, regardless of the fu*ked up lable you wish to slap on it, instead of the bloated, innefficient, skewed, system we now have which is designed to benefit one entity alone… the health insurance industry and the companies that monopolize all it’s stages.

Why can’t ‘we the people’ enjoy the same healthcare system our politicians have deviced for themselves in the Congressional Healthcare system?

DirtyDennis | 10/18/2007, 2:11 pm EST

Jed,

Just sent my Senator an email whining about your points. Won’t bother with my CongressPerson, she’s a Con. She’d probably sic the Feds on me for ’stalking.’

Keep on Keepin’ On.

Jean Walden | 11/24/2007, 10:00 pm EST

I take one med that is approved by Medicare. It costs me $7.50 a month. When I was forced to enroll in the RX plan it cost less (but not much less) than what I pay now ($31.20 a month). If I keep the plan it will cost $42.80 a month in 2008. I’m disenrolling at the end of 2007 but wait! If I want to re-enroll in the future I will be PENALIZED 1% for each month I am not enrolled. I call this government blackmail and it makes me pretty angry to know that my own government is doing this to me and other seniors. It isn’t a fair plan at all. I’d like to hear from other seniors who are upset about this.

Jean Walden | 11/24/2007, 10:00 pm EST

I take one med that is approved by Medicare. It costs me $7.50 a month. When I was forced to enroll in the RX plan it cost less (but not much less) than what I pay now ($31.20 a month). If I keep the plan it will cost $42.80 a month in 2008. I’m disenrolling at the end of 2007 but wait! If I want to re-enroll in the future I will be PENALIZED 1% for each month I am not enrolled. I call this government blackmail and it makes me pretty angry to know that my own government is doing this to me and other seniors. It isn’t a fair plan at all. I’d like to hear from other seniors who are upset about this.

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