Get ready to have your mind blown. The Wall Street Journal published a huge piece…
Health Care Bureaucracy Cost Americans $812 billion in 2017
I found this article interesting. A study published on January 6, 2020, in the Annals of Internal Medicine finds that health care bureaucracy:
- Cost Americans $812 billion in 2017
- Is more than one-third (34.2%) of total expenditures for doctor visits, hospitals, long-term care, and health insurance.
- Is bad and cutting U.S. administrative costs to Canadian levels would have saved more than $600 billion in 2017.
Wait, what? Why are they bringing Canada’s system up? Oh, I get it, I got click baited into a political piece.
- The analysis, the first comprehensive study of health administration costs since 1999, was carried out by researchers at Harvard Medical School, the City University of New York at Hunter College, and the University of Ottawa.
- “Medicare for All could save more than $600 billion each year on bureaucracy, and repurpose that money to cover America’s 30 million uninsured and eliminate copayments and deductibles for everyone,” said study senior author Dr. Steffie Woolhandler, a distinguished professor at the City University of New York (CUNY) at Hunter College and lecturer in Medicine at Harvard Medical School, where she previously served as a professor. “Reforms like a public option that leave private insurers in place can’t deliver big administrative savings,” Dr. Woolhandler added. “As a result, public option reform would cost much more and cover much less than Medicare for All.”
Damn, I hate when I get suckered in. Yes, the “paperwork” is not really paperwork. It is administrative bullshit due to government mandates and the best way to fix this, according to these idiots, is to add more government mandates.
Riddle me this Batman:
- Show me where and when our government ever saved money.
- Show me how long Canadians wait for care and how Americans will accept that wait.
- Oh, let’s not forget how we pay more for drugs (our Medicare system) so that other countries can pay less.