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Infose

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04/01/22

12:45

Post #: 58628467
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Originally posted by Infose: ↑

" A recent study found that in 2017, administrative costs made up 34.2% of health care costs in the U.S., twice the percentage in Canada, which has a decentralized, publicly funded system.Another example: Medicare, the country's national health insurance program for Americans 65 and older, has much lower administrative costs, between 1.1 and 7%.

"Medicare [in the USA] ... is drastically cheaper, because we don't spend a lot of time trying to deny people the care they need," Balber said. "There's not as much dedicated to the bureaucracy of health care as there is in private system"

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"For example, a recent study found that private insurance companies paid almost two and a half times what Medicare would've paid for the same medical service at the same facility."

What an efficiency, or is it waste?
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