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The Stalls of Higher Thought

US Health Care Spends $400 Billion on Administration Fees

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health_insurance_costsMedicalNewsToday: The U.S. wastes more on health care bureaucracy than it would cost to provide health care to all of the uninsured. Administrative expenses will consume at least $399.4 billion out of total health expenditures of $1,660.5 billion in 2003. Streamlining administrative overhead to Canadian levels would save approximately $286.0 billion in 2003, $6,940 for each of the 41.2 million Americans who were uninsured as of 2001. This is substantially more than would be needed to provide full insurance coverage.

bspcomment You really must ask yourself how much would be saved if insurance companies were removed entirely from the health process?

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Written by mattliving

May 19, 2009 at 7:38 am

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