Cremieux Recueil • 610 implied HN points • 07 Dec 24
- The idea that administrative costs in healthcare are the main issue is often wrong. Many studies show the key costs come from provider payments, not just administration.
- Comparing U.S. administrative spending to other countries shows Americans spend similar percentages on administration, but overall higher costs are mostly due to higher payments to healthcare providers.
- Improving how healthcare is managed, especially through better corporate governance, can help reduce administrative costs, but we need broader reforms to really lower healthcare prices.