Quote:
Originally Posted by jyl
4. Insurance claims processing and all the associated administrative costs and insurer profits eat up a substantial portion of healthcare spending. One estimate I have heard is 25%.
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You have a single payer system where the billing is pretty clear cut. Here in the US, my employer has 600+ employees who work on contract management and claims software to help hospitals deal with the complexity of billing a multitude of payers. A single payer system would work wonders in reducing cost, but would cause millions of lost jobs.