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Although Medicare's official health care spending report doesn't calculate how much the nation spends on administrative tasks, Harvard's Cutler estimates that up to 25% of medical spending is due to a... 0.800

👤 Cutler 📋 News Article 🏷️ Health , Finance , Statistical

Simplified: Cutler estimates up to 25% of medical spending is due to administrative costs.

1 sources

1 month ago
The average annual price of specialty drugs has tripled over the last 10 years from nearly $18,000 to more than $52,000. 0.900

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

Simplified: Average annual price of specialty drugs has tripled over the last 10 years from nearly $18000 to more than $52000.

1 sources

1 month ago
Since 2009, the average retail price of brand-name prescription drugs has more than doubled after adjusting for inflation. 0.900

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

Simplified: Since 2009 average retail price of brand-name prescription drugs has more than doubled after adjusting for inflation.

1 sources

1 month ago
Therefore, the authors concluded that “a large part of the difference in health spending between the U.S. and its peers can be explained by higher prices, more so than higher utilization.” 0.900

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

Simplified: Authors concluded higher prices explain health spending difference between US and peers more than higher utilization.

1 sources

1 month ago
In fact, we generally have shorter average hospital stays and fewer physician visits. 0.900

👤 The author 📋 News Article 🏷️ Health , Statistical

Simplified: US generally has shorter average hospital stays and fewer physician visits.

1 sources

1 month ago
The KFF report’s comparisons of the U.S. to other large, wealthy countries also revealed that there’s not much evidence that people in the U.S. use more health care. 0.900

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

Simplified: KFF report says there's not much evidence US people use more health care compared to wealthy countries.

1 sources

1 month ago
Nearly a third of the money spent on health care goes to inpatient care in hospitals and nearly 20% goes to physicians and clinics. 0.900

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

Simplified: Nearly a third of health care money goes to inpatient hospital care nearly 20% to physicians and clinics.

1 sources

1 month ago
The report noted that, in comparison to other large and wealthy countries, the U.S.’s higher spending on inpatient and outpatient care explains the vast majority of higher spending on health care over... 0.900

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

Simplified: Report says US higher spending on inpatient and outpatient care explains higher overall health spending compared to wealthy countries.

1 sources

1 month ago
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

1 month 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

1 month 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

1 month 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

1 month 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

1 month 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

1 month 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

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
And by the way, the average income of the bottom 90 percent of Americans, what I call the vast majority, is smaller today than it was in 1980 0.900

👤 DAVID CAY JOHNSTON 📋 News Article 🏷️ Finance , Statistical

Simplified: Average income bottom 90 percent of Americans is smaller today than in 1980

1 sources

1 month ago
Why is it one-in-seven families has filed bankruptcy in the last twenty-five years? 0.800

👤 DAVID CAY JOHNSTON 📋 News Article 🏷️ Finance , Statistical

Simplified: One in seven families has filed bankruptcy in last twenty-five years

1 sources

1 month ago