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US administration costs account for 14% of "excess costs" (above OECD average). https://www.mckinsey.com/~/media/mckinsey/dotcom/client_service/Healthcare%20Sy
by refurb 3y ago
US administration costs account for 14% of "excess costs" (above OECD average).
https://www.mckinsey.com/~/media/mckinsey/dotcom/client_service/Healthcare%20Systems%20and%20Services/Health%20International/HI08_American_health.ashx https://www.mckinsey.com/~/media/mckinsey/dotcom/client_serv...
I worked in healthcare and this McKinsey report (exhibit 2 on page 81) is probably the best analysis I've seen that tries to isolate where the extra money is going.
The biggest driver of higher US healthcare costs is outpatient care. And it's not just that each healthcare event is more expensive (though it is), it's that Americans get a lot more outpatient care than other OECD countries.