Bill Jensen: Easy fix

November 16, 2012 

Easy fix

Medicare is possibly the most efficiently run program in the federal government. With a 2 percent overhead cost, Medicare is far more efficient than commercial health insurance programs. The burden of excessive management salaries and advertisements drives the overhead costs of commercial health insurance programs to 20 percent and more – 10 times the overhead costs of Medicare.

The sources of the financial problems that Medicare faces are a “pay-as-you-go” system coupled with insuring an aged population. The financial solution to the Medicare situation is to offer this program for a fee to all age groups. The fee would be competitive with, or lower, than the present market. And, coupled with the low Medicare overhead costs, the profits generated would be used to stabilize the Medicare program.

This modification of the Medicare program will also provide everyone with an attractive alternative to the current health insurance programs.

Bill Jensen


News & Observer is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service