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Message: <blockquote data-quote="bacha29" data-source="post: 5560131" data-attributes="member: 58386"><p>Medicare is by far the most cost efficient provider of coverage for healthcare expenses. It's administrative fees are around 3% . This is the reason why private insurers hate it. They have to provide returns to their investors. Medicare doesn't  And under the ACA private insurers are now required to spend 85% of their premiums collected actually paying claims. That's why they hate the ACA and have tried repeatedly to get it repealed. Like any for profit stockholder owned insurer making those Wall Street earnings estimate will always come before paying claims and that will only come if they can't find a way to get out of paying them .</p></blockquote><p></p>