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 at January 12, 2017 6:02 AM

  

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