U.S. Spends $2,500 Per Person on Healthcare Administrative Costs vs Canada’s $550

U.S. Spends $2500 Per Person on Healthcare Administrative Costs vs Canada’s $550 “..The U.S. now spends nearly five times more per person on health care administration than Canada does. The U.S. administrative costs came out to $812 billion in 2017, or $2,497 per person in the U.S. compared with $551 per person in Canada, according […]

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Due to U.S. Multipayer System, Administrative Costs 4 Times Higher than Canada’s Healthcare System

Due to U.S. Multi-payer System, Administrative Costs Billions Higher than Canada’s Healthcare System “Background: Before Canada’s single-payer reform, its payment system, health costs, and number of health administrative personnel per capita resembled those of the United States. By 1999, administration accounted for 31% of U.S. health expenditures versus 16.7% in Canada. No recent comprehensive analyses of […]

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A Public Option Forgoes at least 84% of Administrative Savings

A public option forgoes at least 84% of administrative savings “[The public option] forgoes at least 84 percent of the administrative savings available through single payer. The public plan option would do nothing to streamline the administrative tasks (and costs) of hospitals, physicians offices, and nursing homes, which would still contend with multiple payers, and […]

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Savings Dramatically Reduce Need For Additional Revenues

Savings Dramatically Reduce the Need for Additional Revenues   “..Overall, the ten-year national savings on health-care expenditures range from a low of over $6 trillion to a high of over $13 trillion. In every model tested, Improved Medicare for All is cheaper than the current system even while providing improved health care. The savings dramatically […]

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Reducing Bureaucratic Waste Would Save $140 Billion Annually

Reducing Bureaucratic Waste Would Save $140 Billion Annually “The fiscal case for NHI arises from the observation that bureaucracy now consumes nearly 30% of our health care budget, as well as the fact that this enormous bureaucratic burden is a peculiarly American phenomenon. Our biggest HMOs keep 20%, even 25%, of premiums for their overhead […]

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Simplified Administration Could Save Over $500 Billion Per Year

Simplified Administration Could Save Over $500 Billion Per Year “Around one-third of U.S. health care dollars are spent on administrative functions, including insurance company overhead; administrative costs of hospitals, practitioners, nursing homes and other providers; and costs incurred by employers in managing their workers’ benefits. Studies have routinely found that the United States has the […]

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