Medicare: unfair, inefficient, fraudulant, costly

November 17th, 2009 | by Brian Schwartz |

The Association of American Physicians and Surgeons describes key problems with Medicare.  But of course any kind of “Medicare for All,” or Medicare Part E (E for everyone, get it?!) will have these problems. Of course not.

  1. It is structured as a Ponzi scheme.
  2. Its low administrative costs are a mirage.
  3. It is sustained by the general fund and by cost-shifting.
  4. Poor access to care, low payments to physicians
  5. The system is rife with fraud.

For details on each, see the links above and the AAPS’s: Myth 24. Medicare is the model of efficiency and fairness.

(via FIRM)

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