President Bush wants to reapir the national health care problem by putting everyone's money into the hands of private investors. I've got a retirement account handled by an investment firm and they soak the lving daylights out of me with advisement fees, sales charges and front-end loads. They make all the money and I make nothing. That's the Republican theme - private investment is always better than public investment, and they just aren't always right.
The following is an EXCELLENT article - you might want to take the time to connect and read.
From TPM Cafe - click here to read more...
In his latest column, Paul Krugman of the New York Times points out that covering every American with Medicare would be cheaper than America's current health care system. No doubt that those who profit from the current system will label him a communist, a socialist who wants the government to pick your doctor, or a traitor. Such labels are a price of speaking the truth these days.
Krugman's analysis centers on the "medical cost ratio", which he defines
"as the percentage of insurance premiums paid out to doctors, hospitals and other health care providers."
Krugman states that Medicare spends "about 98% of its funds on actual medical care", while
"Aetna spends less than 80 cents of each dollar in health insurance premiums on actually providing medical care. The other 20 cents go into profits, marketing and administrative expenses."
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