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From 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 t
by n9 7y ago
From 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.