Picky, Picky, Picky
Matthew Yglesias
points out a subtle but crucial flaw in the GOP Medicare strategy:
One of the big ideas behind the Bush Medicare bill is that by introducing private-sector competition into the Medicare market, you'll be able to achieve cost savings because private firms are more efficient than the government. One big problem with this theory is that it isn't true: Medicare has significantly lower overhead than private health plans.
The whole post is excellent and has a lot of information in it that is quite contrary to what I would have expected - the sort of stuff a numbers geek like myself really appreciates.
posted by Alex at 12:16 PM
