Medicare, 4% administration cost compared to routinley 20-50% in private for profit sector.
Do you know why it's so low?
The figure that obama likes to tout, and that you have listed, doesn't include normal operating costs like rent, management, insurance, taxes, new equipment.
Those costs are listed elsewhere in the federal budget.
http://www.ibdeditorials.com/IBDArticles.aspx?id=326412958692140 (broken link)