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Extracted Claims (29746)

A 2024 Kaiser Family Foundation (KFF) study1 noted that most health spending in the U.S. is on hospital and physician care. 1.000

👤 Kaiser Family Foundation (KFF) 📋 News Article 🏷️ Health , Finance , Statistical

Simplified: 2024 KFF study says most US health spending is on hospital and physician care.

1 sources

5 days ago
We multiplied 2021 U.S. GDP from the Bureau of Economic Analysis by 0.2 percent to produce an estimate of $46 billion, or about 1 percent of 2021 NHE, representing less than 5 percent of excess spendi... 0.900

👤 The author 📋 Issue Brief 🏷️ Health , Finance

Simplified: Multiplying 2021 US GDP by 0.2 percent produces an estimate of $46 billion or about 1 percent of 2021 NHE representing less than 5 percent of excess s...

1 sources

5 days ago
OECD Health Statistics data on “annual capital expenditure on health as a share of GDP” presented as an average from 2015 through 2019 show that the U.S. spends about 80 percent more, or 0.2 percent o... 0.900

👤 The author 📋 Issue Brief 🏷️ Health , Finance

Simplified: OECD Health Statistics data show US spends about 80 percent more or 0.2 percent of GDP more than OECD12 average on machinery and equipment from 2015 t...

1 sources

5 days ago
Health care represents about 17% of the U.S. economy, meaning $1 out of $5 spent in our country goes toward health care. 0.900

👤 The author 📋 News Article 🏷️ Health , Finance , Statistical

Simplified: Health care represents about 17% of the U.S. economy.

1 sources

5 days ago
Back in 1960, health spending represented just 5% of the economy, or $1 of every $20. 0.900

👤 The author 📋 News Article 🏷️ Health , Finance , Statistical

Simplified: In 1960 health spending represented 5% of the economy.

1 sources

5 days ago
The difference was $79 billion, or about 2 percent of 2021 NHE, representing approximately 5 percent of excess U.S. spending when rounded to the nearest multiple of five. 0.900

👤 The author 📋 Issue Brief 🏷️ Health , Finance

Simplified: Registered nurse pay difference was $79 billion or about 2 percent of 2021 NHE representing approximately 5 percent of excess US spending

1 sources

5 days ago
According to the Centers for Medicare & Medicaid Services, the amount of money spent on health care in the United States tripled from 2000 to 2023, going from $1.4 trillion to nearly $4.9 trillion. 1.000

👤 Centers for Medicare & Medicaid Services 📋 News Article 🏷️ Health , Finance , Statistical

Simplified: CMS says US health care spending tripled from 2000 to 2023 from $1.4 trillion to $4.9 trillion.

1 sources

5 days ago
The primary reason health care is so expensive today is because providers and pharma companies have been charging higher and higher prices, a trend that’s persisted for decades. 0.800

👤 The author 📋 News Article 🏷️ Health , Finance

Simplified: Health care is expensive because providers and pharma companies have been charging higher prices for decades.

1 sources

5 days ago
OECD Health Statistics data show U.S. registered nurses (RNs) earn 1.5 times the OECD12 average salary. 0.900

👤 The author 📋 Issue Brief 🏷️ Health , Finance

Simplified: OECD Health Statistics data show US registered nurses earn 1.5 times the OECD12 average salary

1 sources

5 days ago
In reality, it’s health care providers – hospitals, doctors and pharmaceutical companies – that decide what to charge for the care and medications they provide. 0.900

👤 The author 📋 News Article 🏷️ Health , Finance

Simplified: Health care providers decide what to charge for care and medications.

1 sources

5 days ago
The difference was $167 billion, or about 4 percent of 2021 NHE, representing approximately 10 percent of excess U.S. spending when rounded to the nearest multiple of five. 0.900

👤 The author 📋 Issue Brief 🏷️ Health , Finance

Simplified: Physician pay difference was $167 billion or about 4 percent of 2021 NHE representing approximately 10 percent of excess US spending

1 sources

5 days ago
Health care costs have been rising every year, and a common misconception is that it’s health insurers setting the prices for care and prescriptions. 0.900

👤 The author 📋 News Article 🏷️ Health , Finance

Simplified: Health care costs have been rising every year a common misconception is health insurers set prices.

1 sources

5 days ago
Data from the Medscape International Physician Compensation Report 2021 show a ratio of average physician pay in the U.S. to other countries was 1.7 to 1 for primary care and 2.6 to 1 for specialists. 0.900

👤 The author 📋 Issue Brief 🏷️ Health , Finance

Simplified: Medscape International Physician Compensation Report 2021 shows US average physician pay ratio to other countries was 1.7 to 1 for primary care and 2....

1 sources

5 days ago
As U.S. retail drug spending is about 9 percent of NHE, cutting this spending in half would represent 4.5 percent of NHE, or approximately 10 percent of excess U.S. health spending when rounded to the... 0.900

👤 The author 📋 Issue Brief 🏷️ Health , Finance

Simplified: US retail drug spending is about 9 percent of NHE cutting it in half would represent 4.5 percent of NHE or approximately 10 percent of excess US healt...

1 sources

5 days ago
OECD Health Statistics data show the U.S. spends more than twice as much per capita annually on retail prescription drugs as the OECD12 averag 1.000

👤 The author 📋 Issue Brief 🏷️ Health , Finance , Statistical

Simplified: The U.S. spends more than twice as much per capita annually on retail prescription drugs as the OECD12 average.

1 sources

5 days ago
A recent study using time-driven activity-based costing to compare billing and insurance-related costs for inpatient care confirms high U.S. provider administrative costs and finds that much of differ... 0.900

👤 The author 📋 Issue Brief 🏷️ Health , Finance

Simplified: A recent study confirms high U.S. provider administrative costs and finds much of difference is attributable to high coding costs.

1 sources

5 days ago
We multiplied 2021 NHE estimates of spending by setting by 21 percent or 27 percent to estimate administrative costs, then approximated 42 percent of those costs18 to produce an estimate of $276 billi... 0.900

👤 The author 📋 Issue Brief 🏷️ Health , Finance , Statistical

Simplified: Estimated $276 billion in potential savings or about 6.5 percent of 2021 U.S. NHE translates to about 15 percent of excess U.S. health spending.

1 sources

5 days ago
A 2014 study by Himmelstein and colleagues comparing hospital administrative costs for the U.S. and five comparator countries found that the other countries spent 42 percent less than the U.S. on hosp... 0.900

👤 Himmelstein 📋 Issue Brief 🏷️ Health , Finance , Statistical

Simplified: A 2014 Himmelstein study found other countries spent 42 percent less than the U.S. on hospital administration.

1 sources

5 days ago
A 2021 study by McKinsey estimates hospital administrative costs at $250 billion and clinical services administrative costs at $205 billion, representing 21 percent and 27 percent respectively of 2019... 0.900

👤 McKinsey 📋 Issue Brief 🏷️ Health , Finance , Statistical

Simplified: A 2021 McKinsey study estimates hospital administrative costs at $250 billion and clinical services administrative costs at $205 billion.

1 sources

5 days ago
We multiplied the difference in per capita spending by the size of the 2020 U.S. population to estimate potential savings of $285.6 billion, or about 7 percent of 2020 U.S. NHE, translating to about 1... 0.900

👤 The author 📋 Issue Brief 🏷️ Health , Finance , Statistical

Simplified: Potential savings of $285.6 billion or about 7 percent of 2020 U.S. NHE translates to about 15 percent of excess U.S. health spending.

1 sources

5 days ago