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About 25% of U.S. healthcare costs relate to administrative costs (e.g., billing and payment, as opposed to direct provision of services, supplies and medicine) versus 10-15% in other countries. For example, Duke University Hospital had 900 hospital beds but 1,300 billing clerks during 2013.
The rate of increase in both health insurance premiums and out-of-pocket costs have declined in the employer-based market. For example, premiums increased at an annual rate of 5.6% from 2000-2010, but 3.1% from 2010-2016. An estimated 155 million persons under the age 65 were covered under health insurance plans provided by their employers in 2016.
Budgets were originally based on the number of patients and procedures reported in 2013, with annual adjustments for inflation and population change. Going forward, it is to a hospital's benefit to avoid unnecessary procedures and to adopt preventive programs that reduce chronic illness and re-admissions.
Considering the budget constraints and the already massive strain on medical facilities, experts suggest that hospitals can improve food quality by first providing less processed foods. If they ...
Hospitals would be required to submit detailed annual budgets to the panel, which would be charged with ensuring that hospitals align their price increases with annual health care cost growth ...
Medicare’s hospital at home initiative appears to be budget neutral so far, but the Congressional Budget Office estimated that a two-year telehealth extension would cost Medicare around $4 ...
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