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by dragonwriter
2361 days ago
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> And hospitals will still have admin as they still have to bill the government. Missed responding to this piece before, but, sure: but, from the source I cited upthread, BIR costs imposed in the US big public programs (Medicare/Medicaid) is 2-5% of total cost, in the US private insurance system, it's 17% of cost. With single-payer admin will be nonzero, but it also won't be nearly 1/3 of total health expenditures, nearly half of which is related to billing and insurance. |
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>NAM report concluded that BIR costs totaled $361 billion in 2009—about $466 billion in current dollars
>12.3 percent of spending on private insurance; and 3.5 percent of public program spending, including Medicare and Medicaid
So a difference of 8.8%. A savings of 41 Billion. So we'll add it to the 106 bil for removing insurance. And we're at 147 Billion. Or 4% total.
Even if we use the other estimate they mention. You're still looking at less than a 6% savings.