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Single-payer Health Care. By: Devon Bradley http://www.vox.com/2014/4/9/5557696/forget-obamacare-vermont-wants-to-bring-single-payer-to-america. Hospital Administration.
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Single-payer Health Care By: Devon Bradleyhttp://www.vox.com/2014/4/9/5557696/forget-obamacare-vermont-wants-to-bring-single-payer-to-america
Hospital Administration America spends $218 billion per year on the paperwork to makes hospitals run. That works out to 1.43 percent of the entire American economy that is spent on hospitals' administrative costs. So of every $100 spent in America, that means $1.43 is going toward the billing specialists and schedulers that make hospitals here work.Hospital administration has grown as a percent of the economy over the past decade, from 0.9 percent in 2000 to 1.43 percent in 2012, a new paper in the journal Health Affairs shows.http://content.healthaffairs.org/content/33/9/1586.full
Country Comparison Most other countries have some central agency that sets a national price for every procedure, from a heart transplant to an MRI. Here, we have thousands of health insurance companies that each negotiate their own prices. For a hospital contracting with a dozen health plans — each charging a different price for an MRI, and anything else — that necessitates a whole bunch of paperwork.
The Trade-Off/Benefit If the government sets the price too low — something like paying less for an MRI than hospitals would accept — that could restrict access to needed medicine. In that case, patients are left with no other option for healthcare if they cannot afford the treatment; they can't switch to another plan, because the government is/was their plan.
Video and Questions? http://www.vox.com/2014/4/9/5557696/forget-obamacare-vermont-wants-to-bring-single-payer-to-america
