2 ms·

so roughly 20% goes to insurance company overhead (marketing and hiring people to deny claims and argue with doctors). another bunch goes to extra hospital admi

so roughly 20% goes to insurance company overhead (marketing and hiring people to deny claims and argue with doctors). another bunch goes to extra hospital administration (billing patients is expensive). there's also a bunch that goes to private equity companies that run ambulances, hospitals, and the rest.

AnimalMuppet 3y ago
If cycrutchfield is correct (in https://news.ycombinator.com/item?id=38719752 https://news.ycombinator.com/item?id=38719752), all the doctors put together get 10% of the spending. Insurance overhead gets twice as much as the doctors? That's insane. That's a huge amount of overhead that could be dramatically reduced with single payer. Still, that's only 20%. Would single payer reduce the other 80%? If so, how?