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by ejb999
917 days ago
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the per capita health care cost is estimated to be around $11,590 in 2019, per the CDC for the USA. Your $1,055 in administrative costs is not even close to "The largest cost of healthcare in the US is all the admin associated with it.", in fact it is less than 10%. |
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Administrative Costs [total] : About 30 Percent
Salary and Wages for Physicians and Nurses: About 15 Percent
Prescription Drugs: About 10 Percent
Medical Machinery and Equipment: Less Than 5 Percent
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Administrative Costs of Insurance: $1,055 per person on “governance and health system financing administration” in 2020, compared with the OECD12 average of $193 per person.
Administrative Costs to Providers: A 2021 study by McKinsey estimates hospital administrative costs at $250 billion and clinical services administrative costs at $205 billion, representing 21 percent and 27 percent respectively of 2019 NHE spending in these settings [aka 48% in sum, troupo]
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