I like the way you just ignored most of the post.
$48 billion in Medicare fraud, in one year, for just 15 percent of the American population. Spread Medicare to the whole country, what does that number end up as if the proportion of fraud is the same?
Compare to the $287 billion in major private health insurance company revenues I posted above.
Tell me again about waste.
By the way, I looked up that $700 billion number. Originally, it's from Peter Orszag when he was at the CBO, which he attributes to "unnecessary spending." I found no further clarification from him, but Thomas Reuters did a study which does break it down.
If you go down the list, it's not about government vs. private. It's about practices that would waste money no matter who was doing it, and in some of these categories, government would probably do a worse job. In fact, notice that Medicare fraud is part of that total.
It isn't about the health insurance companies, is it?
I will post original sources on their own thread.
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