Excess Administrative Costs Burden the U.S. Health Care System

As health care costs continue to rise, a logical starting point for potential savings is addressing waste. A 2010 report by the National Academy of Medicine (NAM) estimated that the United States spends about twice as much as necessary on BIR costs.2 That administrative excess currently amounts to $248 billion annually, according to CAP’s calculations.

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Workers and Retirees Alike Are Paying More for Health Care

For many workers, health insurance is no longer what it once was. Health care costs borne by employees in the form of deductibles and coinsurance rose at a far faster rate than what employer-sponsored insurers paid for care between 2006 and 2016, according to the Kaiser Family Foundation.

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Podcast: Healthcare Regulations Lag in the Digital Transformation

In our interview, he argues that the technological divide between regulatory law and healthcare delivery are harming patients and providers. The problem extends to laws governing groups like the U.S. Food and Drug Administration — which Richman credits for doing the best it can to overcome this challenge — and nearly every corner of medicine.

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Task Shifting Could Help Lower Costs in U.S. Health Care

For years, nurse practitioners and physician assistants have taken on tasks that doctors once performed. This has saved money, of course, but it has also improved quality, because doctors and paramedics perform tasks that best fit their expertise. However, based on our research in India, we believe there’s a lot more room for task shifting in U.S. health care.

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