Health

sagesnow

(2,873 posts)

6. Medical Complexes around here could easily rack up the 30% overhead cost.

Sat Jul 27, 2019, 08:50 PM

Jul 2019

Expenditures on the resplendent buildings, grounds and furnishings has to add to some of the 30% overhead. Expensive advertising and promotion of surgeons and new procedures has to incur added expense that does nothing to improve the health of Americans.

"Most shamefully, roughly a third of the $3.5 trillion we pay into the US system each year is sucked up by corporate paper shuffling, advertising, executive pay and perks, expensive headquarters, and other non-care charges. Canada runs its full-coverage programs with less than half (12%) those administrative expenses." --TheHighTowerLowDown

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Here's the straight skinny on Medicare for All The Hightower Lowdown [View all] sagesnow Jul 2019 OP

Canada has a lot less people than we do. Comparing us to orher wasupaloopa Jul 2019 #1

The more people in the system sagesnow Jul 2019 #3

There is also a principle called the law of diminishing returns. At some point the cost go up again. wasupaloopa Jul 2019 #7

Although MFA would be OK, Hightower is fudging on his Admin costs being 30+%. Hoyt Jul 2019 #2

I would like to see some back up of that. sagesnow Jul 2019 #4

You do the math, ACA limited overhead to 15% for most insurance plans and Medicare is Hoyt Jul 2019 #5

Medical Complexes around here could easily rack up the 30% overhead cost. sagesnow Jul 2019 #6

Those won't end under single payer. Docs and facilities will still be competing against each other Hoyt Jul 2019 #8