Becker's Healthcare July 16, 2018
The complexity and high costs of treating U.S. patients is well known, but administrative costs also play a large role in healthcare financing. While these costs may be less obvious than patient care-related expenses, they are high, reports The New York Times.
Here are six statistics on administrative costs, as cited by the Times:
1. A study published in The New England Journal of Medicine examined data from 1999 to project administrative costs of health insurers, employers’ health benefit programs, hospitals, practitioners’ offices, nursing homes and home care agencies. The study found administration accounted for 31 percent of healthcare spending in the U.S., compared with 16.7 percent of healthcare spending in Canada. According to the Times, the same estimates today...