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by troupo
917 days ago
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I mean, you could try and read the full article. --- 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 - 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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The math is not that hard.