Greed is good

JayHecht at aol.com JayHecht at aol.com
Mon Jun 15 08:45:42 PDT 1998


In a message dated 98-06-12 11:38:16 EDT, you write:

<< I own a

business and the waste deriving from non-collective problem solving is

astounding, not to mention the moral problem of wage slavery.

The public sector is often quite efficient, if properly funded. >>

Let me second Bill. Look at medical insurance payment systems: Medicaid/Medicare have the ONLY tape-to-tape third party hospital billing systems. Aetna, Blue Cross, forget about it - they suck - it takes hospitals forever to collect from them. That's why the Social Secuity expense ratio (expenses/premiums) for both the pure indemnity and medical cost is infinitesmal compared to the private insurers.

Jason



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