3 ms·
Below is the spend by the major groups from https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4638261/ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4638261/ All ind
by victor106 9y ago
Below is the spend by the major groups from https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4638261/ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4638261/
All individuals with chronic conditions and functional limitations - $909 billion
Individuals aged ≥ 65 y with chronic conditions and functional limitations - $543 billion
Individuals at the end of life - $205 billion.
I am not sure you can save any healthcare costs unless
1. People change their eating and lifestyle habits.
2. End of life care is about 13% of the entire cost. Not sure how it compares to other countries but I think it can be optimized.
3. Most of the costs are due to Medicare and Medicaid which due to the volume set the prices for the entire healthcare market. Due to a law passed by congress Medicare is prohibited from negotiating prices. The most ridiculous thing I have ever heard.
- pxlpshr 9y agoYou're looking at top-line cost to provide care in a very convoluted market. Take chronic for example, a huge chunk is spent on drug treatment. Incentives to use generics are often misaligned from the needs of the patient. Also, about 10-15% of the $3 trillion is administrative waste (payers). There are a lot of areas that we can save.