Admin costs for healthcare are totally insane
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Date: July 18th, 2018 4:42 PM Author: Insanely Creepy Library
Are the healthcare industry and the military the biggest disguised government jobs programs? That is a lot of Yoshandas making $60K a year to process paperwork. Why can't we design a system that does not have such massive administrative costs?
https://www.nytimes.com/2018/07/16/upshot/costs-health-care-us.html
A widely cited study published in The New England Journal of Medicine used data from 1999 to estimate that about 30 percent of American health care expenditures were the result of administration, about twice what it is in Canada. If the figures hold today, they mean that out of the average of about $19,000 that U.S. workers and their employers pay for family coverage each year, $5,700 goes toward administrative costs.
(http://www.autoadmit.com/thread.php?thread_id=4029512&forum_id=2#36454137) |
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