Good points. There are a lot of funny numbers going around. As the old saying goes, there are lies, damned lies, and statistics.
Administrative percentages are lower for medicaid than for private insurance mainly because people on public insurance spend a lot more medical dollars than those covered by the private sector. Since administrative costs usually tie to recipient, you have less recipients receiving more money, driving down percentages.
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Good points. There are a lot of funny numbers going around. As the old saying goes, there are lies, damned lies, and statistics.
Administrative percentages are lower for medicaid than for private insurance mainly because people on public insurance spend a lot more medical dollars than those covered by the private sector. Since administrative costs usually tie to recipient, you have less recipients receiving more money, driving down percentages.