America spends a lot of money on the paperwork that makes hospitals run— $218 billion per year, to be exact. That works out to 1.43 percent of the entire American economy is spent on hospitals’ administrative costs. 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.
To put this in a bit of context: America spends twice as much on hospital administration as it does on the entire food budget
Reminded me of this classic Yes Minister episode
The following exchange between the minster and Mrs Rogers, the hospital administrator, from about 12…
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Categories: Critical Thinking