Claims tagged with "Finance"

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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

1 month 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

1 month 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

1 month ago
OECD Health Statistics data show the U.S. spent $1,055 per person on “governance and health system financing administration” in 2020, compared with the OECD12 average of $193 per person. 1.000

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

Simplified: In 2020 the U.S. spent $1055 per person on governance and health system financing administration compared with the OECD12 average of $193 per person.

1 sources

1 month ago
The goal of this study was to compile the best current, available evidence on what “excess” U.S. spending is associated with. 1.000

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

Simplified: The study's goal was to compile evidence on what excess U.S. spending is associated with.

1 sources

1 month ago
However, because of limitations in data available to fully identify and measure each component, this should not be considered an exhaustive study; rather, it represents a preliminary step in identifyi... 0.900

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

Simplified: Due to data limitations this is not an exhaustive study but a preliminary step in identifying and quantifying components of excess spending.

1 sources

1 month ago
The findings suggest that reductions in administrative burdens, drug costs, and wages for physicians and nurses have the potential to substantially reduce the difference between U.S. and peer nation h... 0.900

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

Simplified: Reductions in administrative burdens drug costs and wages for physicians and nurses have the potential to substantially reduce the difference between...

1 sources

1 month ago
We had more success estimating components likely reflected in higher U.S. prices, which were associated with approximately half of “excess” U.S. spending. 0.900

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

Simplified: Estimating components reflected in higher U.S. prices was more successful and associated with approximately half of excess U.S. spending.

1 sources

1 month ago
Most of the estimates were based on computing potential savings if the U.S. spent at the comparator country average using OECD data for the most recent year or years available. 0.900

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

Simplified: Estimates were based on computing potential savings if the U.S. spent at the comparator country average using OECD data.

1 sources

1 month ago
OECD data vary by year and by country in completeness and comparability, so these figures should be viewed as initial estimates. 0.900

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

Simplified: OECD data vary in completeness and comparability so figures should be viewed as initial estimates.

1 sources

1 month ago
Still, our estimates leave approximately half of excess U.S. spending unexplained. 0.900

👤 The author 📋 Issue Brief 🏷️ Health , Finance

Simplified: Estimates leave approximately half of excess U.S. health spending unexplained.

1 sources

1 month ago
Some of the factors that receive a lot of attention in comparing the U.S. with other countries did turn out to be impactful, according to our estimates, with administrative costs, drug spending, and w... 0.900

👤 The author 📋 Issue Brief 🏷️ Health , Finance

Simplified: Administrative costs drug spending and wages for physicians and nurses are impactful factors in comparing U.S. health spending with other countries.

1 sources

1 month ago
Others such as higher capital costs and higher rates of violence were not associated with excess spending. 0.900

👤 The author 📋 Issue Brief 🏷️ Health , Finance

Simplified: Higher capital costs and higher rates of violence were not associated with excess U.S. health spending.

1 sources

1 month ago
Adjusting for these select health care unit price differences brings U.S. spending closer to other countries but still leaves some difference unexplained, suggesting a remaining utilization effect. 0.900

👤 The author 📋 Issue Brief 🏷️ Health , Finance

Simplified: Adjusting for health care unit price differences brings U.S. spending closer to other countries but leaves some difference unexplained.

1 sources

1 month ago
Free Lunch is his book, How the Wealthiest Americans Enrich Themselves at Government Expense (and Stick You with the Bill) 1.000

👤 Amy Goodman 📋 News Article 🏷️ Finance , Economics

Simplified: Free Lunch is David Cay Johnston's book about wealthy Americans enriching themselves at government expense

1 sources

1 month ago
Donald Trump — a tax that’s supposed to serve the poor, his company got $89 million for a tax designated for the poor. 0.900

👤 The author 📋 News Article 🏷️ Politics , Finance

Simplified: Donald Trump's company got $89 million from a tax designated for the poor

1 sources

1 month ago
It’s easier to mine gold from the government’s treasury than from the side of a mountain. 0.800

👤 The author 📋 News Article 🏷️ Economics , Finance

Simplified: Mining gold from government treasury is easier than from a mountain

1 sources

1 month ago
It’s $8,000 for every man, woman, and child in that town to have this store. 0.900

👤 DAVID CAY JOHNSTON 📋 Interview 🏷️ Business , Government , Finance

Simplified: The Cabela's deal cost $8000 per person in the town.

1 sources

1 month ago
That’s more than the city budget for that town for ten years. 0.900

👤 DAVID CAY JOHNSTON 📋 Interview 🏷️ Government , Finance

Simplified: $36 million is more than the city budget for ten years.

1 sources

1 month ago
You go to the store with your goods, you pay for it at Wal-Mart, and there’s a very good chance that that store has made a deal with the government that the sales taxes you are required to pay, that g... 0.700

👤 DAVID CAY JOHNSTON 📋 Interview 🏷️ Business , Government , Finance

Simplified: Wal-Mart may have a deal where sales taxes do not go to the government.

1 sources

1 month ago