January 12, 2017
ABOVE AVERAGE IS OVER:
U.S. health care admin costs are double the average (Alanna Petroff, January 11, 2017, CNN Money)
A report by the Organisation for Economic Co-operation and Development (OECD) shows admin costs in U.S. health care are the highest in the developed world. They account for over 8% of spending in the sector.Globally, health care systems spend about 3% on average on administration."Private insurance generates a relatively high share of total administrative expenditure," the report's authors explained, noting that admin costs are generally lower when governments manage health care coverage.
Posted by Orrin Judd at January 12, 2017 6:02 AM