3 ms·

If that doesn't happen, then to what degree can we conclude that being a medical research country wasn't in fact the reason why our healthcare prices were so hi

• postpawl 1y ago
  There’s already a lot of studies about this > More than half of excess U.S. health spending was associated with factors likely reflected in higher prices, including more spending on: administrative costs of insurance (~15% of the excess), administrative costs borne by providers (~15%), prescription drugs (~10%), wages for physicians (~10%) and registered nurses (~5%), and medical machinery and equipment (less than 5%). Reductions in administrative burdens and drug costs could substantially reduce the difference between U.S. and peer nation health spending. https://www.commonwealthfund.org/publications/issue-briefs/2023/oct/high-us-health-care-spending-where-is-it-all-going https://www.commonwealthfund.org/publications/issue-briefs/2...