08:48
There are a large number of differences... and basically none of the problem in the US is caused by the insurers. The problem is far more complex than that. Average profit margins in the insurance industry are in the 3-5% range. I'm doubtful anyone would consider the problem solved if costs went down 3-5%.
(and yes... there is also the insurance company operating expenses... but adding that in doesn't make this much better)
Medicare basically is our public payer medical system... and it's done more to create this problem (the ridiculously inflated prices) than any other factor.
(for the most part, always with the best intentions)
