Greed is good

[Enrique Diaz-Alvarez]

JayHecht at aol.com wrote:
> 
>
> 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

That would be one of the many reasons, and not the main one. Other
reasons include

* No dividends rr stock buybacks
* No marketing expenses
* No obscene executive salaries
* No legalized influence-peddling costs (also known as lobbying)
* No dealer networks 
* No expensive research to determine premium levels

Etc.
-- 
Enrique Diaz-Alvarez            Office # (607) 255 5034	
Electrical Engineering          Home #   (607) 758 8962
112 Phillips Hall               Fax #    (607) 255 4565
Cornell University              mailto:enrique at ee.cornell.edu
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