SlowpokeBlog

Commentary by Slowpoke cartoonist Jen Sorensen

Tuesday, February 17, 2004

Inefficient Private Sector Bureaucracy 

A neat little factoid about health insurance from today's Paul Krugman column:

A recent study found that private insurance companies spend 11.7 cents of every health care dollar on administrative costs, mainly advertising and underwriting, compared with 3.6 cents for Medicare and 1.3 cents for Canada's government-run system.

When it comes to health insurance, government is significantly more efficient than the private sector.

—posted by Jen, 3:13 PM - link | trackbacks

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