"Perhaps the most obvious advantage of public insurance is that it is inexpensive to administer. The public Medicare plan’s administrative overhead costs (in the range of 3 percent) are well below the overhead costs of large companies that are self-insured (5 to 10 percent of premiums), companies in the small group market (25 to 27 percent of premiums), and individual insurance (40 percent of premiums).15"
15. Cathy Schoen, et al., “Building Blocks for Reform: Achieving Universal Coverage With Private And Public Group Health Insurance,” Health Affairs, Volume 27, No. 3, May/June 2008, 647.
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Thems the facts. Peer reviewed and everything for you. When it comes to health insurance, government is clearly more efficient. LOL DUMMY LOLZ