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Not true. The largest savings would be in not having to deal with the administrative overhead of our current system. A full 1/3 of the cost of healthcare in A
by s_henry_paulson 15y ago
Not true. The largest savings would be in not having to deal with the administrative overhead of our current system.
A full 1/3 of the cost of healthcare in America goes into maintaining our system and not into actual patient care.
- yummyfajitas 15y agoUm, no. Patient care is the biggest culprit in US overspending on medicine. Administrative overhead is minor. http://theincidentaleconomist.com/wordpress/what-makes-the-us-health-care-system-so-expensive-%E2%80%93-conclusion/ http://theincidentaleconomist.com/wordpress/what-makes-the-u...
- yequalsx 15y agoThe article you linked to doesn't show this. The pie graph at the end has a big green chunk which refers to, "Remaining health care spending". It doesn't say this only pertains to patient care. Also the chart is about spending higher than expected given our wealth. I didn't find a place in the article that talked about administrative costs (i.e. salaries, bonuses, profits) that go to insurers.
- ktizo 15y agoInsured middle classes competing directly with the super-rich over a limited pool of medical professionals is probably the biggest culprit.
- rhino42 15y agoI don't believe that is the case. Otherwise, we would see a shortage of care provided. Since everyone gets care, the competition with the super rich- if any- is vote driving prices
- ktizo 15y agoAnd you don't think you see a shortage of care provided? [edit] And hang on a second. You say if any? Really? You think there is no competition for resources?