Medicare for All’s sponsors claim it would reduce administrative costs and produce huge savings. “Private insurance companies in this country spend between 12 and 18% on administration costs,” says Sen. Bernie Sanders (I-VT). “The cost of administering the Medicare program … is 2%. We can save approximately $500 billion a year just in administration costs.”Not so fast. Glenn Kessler, a fact-checker for the Washington Post warned backers of Medicare for All to be “cautious” in relying on “the administrative cost saving” as a talking point, and PolitiFact rated Sanders’ statement as “half true” […at best.]
Pennsylvania state leaders on Tuesday touted their plan to transition from the federal insurance exchange, healthcare.gov, to their own online marketplace as a move that will save money and improve access to affordable health insurance.
Gov. Tom Wolf on Tuesday signed legislation establishing a state-based exchange where Pennsylvania residents who buy individual health plans can shop for coverage.