(Reuters Health) - U.S. insurers and providers spent more than $800 billion in 2...
- U.S. insurers and providers spent more than $800 billion in 2017 on administration, or nearly $2,500 per person - more than four times the per-capita administrative costs in Canada’s single-payer system, a new study finds.
Cutting U.S. administrative costs to the $550 per capita level in Canada could save more than $600 billion, the researchers say. They also found there had been a 3.2% increase in U.S. administrative costs since 1999, most of which was ascribed to the expansion of Medicare and Medicaid managed-care plans. Overhead of private Medicare Advantage plans, which now cover about a third of Medicare enrollees, is six-fold higher than traditional Medicare , they report. That 2% is comparable to the overhead in the Canadian system.
The new study is “the first analysis of administrative costs in the U.S. and Canada in almost 20 years,” said Dr. Albert Wu, an internist and professor of health policy and management at the Johns Hopkins School of Public Health in Baltimore. “It’s an important paper.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lazio extend winning run to nine with another late showTwo goals from Serie A's leading scorer Ciro Immobile, the second in stoppa...
Read more »
Trump stands by threat on Iranian cultural sites, warns of 'major retaliation'President Trump, speaking to reporters on Air Force One, stands by his threat to target Iranian cultural sites and warns of a 'major retaliation' if Iran strikes back
Read more »
Three Americans killed in al Shabaab militant attack on base in KenyaThree Americans - one U.S. military service member and two contractors - were killed in an attack on a military base in Kenya by Somalia's al Shabaab militant group on Sunday, the U.S. military said
Read more »
Gold better hedge than oil during geopolitical tensions, says GoldmanGoldman Sachs on Monday maintained its three-, six- and 12-month forecast for go...
Read more »
Hezbollah: U.S. forces in Middle East to go home in coffinsHezbollah leader Sayyed Hassan Nasrallah said on Sunday the U.S. military in the...
Read more »
Want to Understand What's Actually Happening Between Iraq, Iran, and the U.S.? Read ThisA Reading Guide to Making Sense of What's Going On Between the U.S., Iran and Iraq
Read more »