3 ms·
US healthcare spending represents $3.4 trillion[0]. $6.3 billion is only 0.18% of the total costs. Not to mention that malpractice claims paid has decreased su
by davinic 7y ago
US healthcare spending represents $3.4 trillion[0]. $6.3 billion is only 0.18% of the total costs.
Not to mention that malpractice claims paid has decreased substantially (55.7%) in the last 2 decades [1].
[0]: https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/NationalHealthAccountsHistorical https://www.cms.gov/Research-Statistics-Data-and-Systems/Sta...
[1]: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5470361/ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5470361/
- davinic 7y agoAnd for a reference, we spent around $30 billion in the US in 2016 for healthcare marketing and advertising. https://www.wbur.org/commonhealth/2019/01/08/medical-marketing-spending-increase https://www.wbur.org/commonhealth/2019/01/08/medical-marketi...
- kube-system 7y agoAlso from your source: > Mean compensation amounts and the percentage of paid claims exceeding $1 million increased I'm not saying it's a huge component of healthcare costs overall, I'm just saying malpractice not a good profit motive.