Quote:
Originally Posted by MysticCat
Unlike the inherent inefficiencies of insurance companies with huge executive salaries? If everything the government runs is inherently inefficient, maybe we should privatize the Army and the Navy.
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I am not so sure our Army and Navy are that well run from an efficiency stand point. Do you not believe there are billions upon billions of dollars in waste and fraud within the services?
To your point on private insurance carriers they are just that, private. If they can justify to their stockholders the Executives pay then so be it. I am not pleased about the disparity between what the person at the top makes versus the person at the bottom but that is for the companies and their stock holders to sort through. You are aware that the administrative cost for private insurance carriers is somewhere in the neighborhood of 12%. This is a pretty good figure and I doubt our government could run a insurance program at that low of a level if all applicable costs were included.
http://www.ahipresearch.org/pdfs/adm...sts_030705.pdf
http://www.heritage.org/Research/Rep...vate-Insurance
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