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> Universal healthcare doesn't change the overall cost. Something like 15% of US healthcare spending goes towards administrative fees just around insurance. Th
by runako 1y ago
> Universal healthcare doesn't change the overall cost.
Something like 15% of US healthcare spending goes towards administrative fees just around insurance. That's order of $800 billion annually, roughly $1,500 per American, that does not contribute in any way to improving health. This is roughly the size of the US defense budget that we spend on gating healthcare.
There are knock-on effects of our system that increase some costs, such as people skipping preventative care or medications due to high costs or lack of insurance and then ending up in higher-cost emergency care. Or see the recent trend of physicians documenting how much of their time spent arguing with insurance companies on behalf of patients, time not spent providing medical care (and thereby increasing costs).
- franktankbank 1y ago> Something like 15% of US healthcare spending goes towards administrative fees just around insurance. True parasites.