> Yes. The US makes up 42% of GLOBAL healthcare spend. A lot of that healthcare spend is wasted on administrative overhead of the US system. "U.S. insurers an

> Yes. The US makes up 42% of GLOBAL healthcare spend. A lot of that healthcare spend is wasted on administrative overhead of the US system. "U.S. insurers and providers spent $812 billion on administration, amounting to $2497 per capita (34.2% of national health expenditures) versus $551 per capita (17.0%) in Canada: $844 versus $146 on insurers' overhead; $933 versus $196 for hospital administration; $255 versus $123 for nursing home, home care, and hospice administration; and $465 versus $87 for physicians' insurance-related costs. Of the 3.2-percentage point increase in administration's share of U.S. health expenditures since 1999, 2.4 percentage points was due to growth in private insurers' overhead, mostly because of high overhead in their Medicare and Medicaid managed-care plans." https://pubmed.ncbi.nlm.nih.gov/31905376/ https://pubmed.ncbi.nlm.nih.gov/31905376/