Wednesday, May 11, 2011

Uninsured Health Care Costs Are Low

See HHS Plays Chicken Little — Again by Michael F. Cannon of Cato. Excerpt:

"“Uncompensated care” for the uninsured accounts for just 2.8 percent of health care spending. To put that in perspective, 30 percent of Medicare spending is pure waste, according to the Dartmouth Atlas. Moreover, studies show that the uninsured who do pay their bills pay so much more than private insurance does that they more than make up for the uninsured who don’t pay their bills. That is, total uncompensated care may be negative."

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