A recent analysis from the Peterson Foundation found that the U.S. is spending over $1,000 per person on administrative costs, “five times more than the average of other wealthy countries and more than we spend on preventive or long-term healthcare.”
A piece by Dr. Robert Kocher published in 2013 in the Harvard Business Review found that over 22 years (1990– 2012), there was a 75% increase in the number of workers in our nation’s health system, but the overwhelming majority (95%) were in non-doctor positions. In fact, for every one doctor there were sixteen non-doctor workers, and 10 of those were “purely administrative and management staff, receptionists and information clerks, and office clerks.” The sheer size of the administrative arm of American health care had become daunting.
Category: Health Economics & Costs
Saturday Links
- The (health ) case against homelessness.
- Lead poisoning is a worldwide problem.
- The negative relationship between obesity and income is almost entirely driven by women. The relationship between income and weight is flat for men.
- Finally the press gets its comeuppance in the Columbia Journalism Review for promoting the Trump-Russia hoax.
- JAMA study: Medicare Advantage plans have higher quality and lower cost than traditional Medicare.
More Americans Delay Care Due to Cost
It’s no mystery that Americans are paying a bigger share of their medical bills out-of-pocket these days. Health plan deductibles have about doubled in the past two decades. My 2023 health plan deductible is nearly $9,000. Some family plans have combined deductibles of $15,000. High deductibles are causing more Americans to delay medical care according to The New York Times.
One-in-Ten FDA-Approved Drug Failed at Least One Drug Trial Goals
Is U.S. Food and Drug Administration (FDA) approval the gold standard for whether a drug truly does what it’s supposed to? Not according to a recent analysis. A review by Harvard and Yale researchers found that one-in-ten drugs approved by the FDA between 2018-2021 failed one or more of the stated endpoints.