Shocker: Medicare Is Needlessly Expensive, Terribly Inefficient
Behold the inadequacies of government-provided health care:
Millions of people with respiratory diseases have relied on oxygen equipment, delivered to their homes, to help them breathe. A basic setup, including three years of deliveries of small oxygen tanks, can be bought from pharmacies and other retailers for as little as $3,500, or about $100 a month.
Unless, that is, the buyer is Medicare, the government health care program for older Americans.
Despite enormous buying power, Medicare pays far more. Rather than buy oxygen equipment outright, Medicare rents it for 36 months before patients take ownership, and pays for a variety of services that critics say are often unnecessary.
The total cost to taxpayers and patients is as much as $8,280, or more than double what somebody might spend at a drugstore.
The high expense of oxygen equipment — which cost Medicare over $1.8 billion last year — is hardly an anomaly.
Medicare spends billions of dollars each year on products and services that are available at far lower prices from retail pharmacies and online stores, according to an analysis of federal data by The New York Times. The government agency has paid above-market costs for dozens of items, a comparison of Medicare figures with retail catalogs finds.
For example, last year Medicare spent more than $21 million on pumps to help older and disabled men attain erections, paying about $450 for the same device that is available online for as little as $108. Even for a simple walking cane, which can be purchased online for about $11, the government pays $20, according to government data.
The interesting thing is despite these rather glaring problems, people like Ted Kennedy are actually in favor of extending Medicare coverage to all Americans. What’s more, despite example after example showing us that government simply cannot provide health care to the masses in a way that is both cost effective and meets demand, Democrats still want to foist government-run health care on us.
John Edwards, in fact, would put you in jail for refusing to participate.
I just don’t get how so many people can be in favor of such a bad idea even in the face of overwhelming evidence proving just how bad it is.
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Overinformed Voter
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