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What percentage of the Medicare budget is paid to private insurance companies for the cost of administration?

in Medicare/Medigap Insurance

Medicare
Pascha asked:


What percentage of the Medicare budget is paid to private insurance companies for the cost of administration? How does that compare with the percentage of administrative costs in private insurance plans? Would this information on Medicare be broken down that way in the budget, or would more detailed information need to be requested from HHS in order to get this information?

   

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