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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.
(The Center Square) – A recently-approved tax levy will solely fund King County’s publicly owned hospital, which is already facing significant budget issues. The King County Council approved a ...
The non-partisan Congressional Budget Office (CBO) reported in March 2017 that healthcare cost inflation and an aging population are primary drivers of increasing budget deficits over time, as outlays (spending) continue to rise faster than revenues relative to GDP. CBO forecast that spending on major healthcare programs (including Medicare and ...
Due to this, it is possible budget cuts will be made on research and development of human health and medicine in the US. [113] In 2022, the United States had 10,265 drugs in the works, more than twice as many as China and the European Union, and four times as many as the United Kingdom. [114]
Some hospital board members said keeping the existing tax rate was essential to completing the hospital’s bond projects, like a new psychiatric emergency room.
In Delaware, the annual per capita growth rate for hospital service costs averaged 5.4% from 1991 to 2020, tied with Montana for the eight-highest percentage increase in the nation Show comments ...
A number of states have a two-year or three year budget (e.g.: Kentucky) while others have a one-year budget (e.g.: Massachusetts). In the table, the fiscal years column lists all of the fiscal years the budget covers and the budget and budget per capita columns show the total for all those years.
MORE: Texas hospital is reportedly 1st in US to use holograms for doctor-patient visits. ... a tough ask given the realities of hospital budgets and the limited supply of AI tech specialists.