3 ms·
Is that what Canada has right now? For US, the real problem is still health cost is too high. The market regulation seems doe not work, at least for this decad
by xmly 7y ago
Is that what Canada has right now?
For US, the real problem is still health cost is too high. The market regulation seems doe not work, at least for this decade.
- n9 7y agoFrom what I see about half the cost is the admin overhead and another huge chunk is providers billing very high rates because they end up paying a lot less to the insurance companies. If you want to optimize the lowest fruit is the admin overhead, which means just go single payer.
- xmly 7y agoFor admin overhead, my understanding is that each insurance firm has its own standard and processing protocols, which brings a huge burden to providers. The simple solution is having a simple and shared standard enforced by law.