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Betsy Devos is the Secretary of Education
Message
De
20/02/2017 08:14:45
 
 
À
19/02/2017 23:09:43
John Ryan
Captain-Cooker Appreciation Society
Taumata Whakatangi ..., Nouvelle Zélande
Information générale
Forum:
Politics
Catégorie:
Éducation
Divers
Thread ID:
01647667
Message ID:
01648194
Vues:
32
>>>A - 58% of billions is a drop in the bucket?
>
>The latest OECD report last month put most of the world at about 3% of healthcare spending on admin and the US about 8%. I'm not familiar with your 58% paper- but I've seen 25-27% in for-profit US hospitals, so I wonder whether yours includes at least 40% of their time physicians have to spend (waste) on admin rather than providing care. Ironically, as more physicians get sick of admin and accept salaried positions to isolate themselves from it- the more admin costs will rise, because everybody else wants to be paid by the hour. That's usually what happens when physicians delegate to lower-paid groups: you suddenly discover the docs were doing it effectively for free and now it needs 3 salaried admin people.
>
>It's true that some administrators are doing very nicely thank you: https://www.nytimes.com/2014/05/18/sunday-review/doctors-salaries-are-not-the-big-cost.html?_r=1
>
>But my reference to drop in the bucket was in response to this:
>
>>>>We need to start jailing hospital administrators who hire people like Michelle Obama as political payoffs.
>>>>That's no less a theft than someone sticking a gun in your face.
>
>You could do that, and the facility's non-medical spending would reduce by a fraction of a %.
>
>The easiest way to reduce admin costs closer to the rest of the world? Experts point to private insurance that turns revenue cycle management into a *huge* admin chore, more than enough to explain why healthcare admin costs more in the US. As an example- it's calculated that reducing US healthcare admin % to the Canadian level would have saved $158B in 2011. Which sounds a lot, and while waiting for better comparative post-ACA figures...
>
>Lets not risk straining at gnats! Per-capita healthcare spend in the US now tops US$10,000 compared to US$3328 in NZ. Even if you could magically eliminate 8% admin costs in the US overnight- that would only reduce the per capita cost to $9200. So while it's important to eliminate admin costs- there's at least another elephant or two in the room. ;-)

So, let's say I'm the CFO asked by the CEO to help a company improve its profitability and I say:
"Well, we're wasting billions on useless overhead, but we're spending even more billions on other things, so let's not do anything about the useless overhead."

How long do you think I'd last?
Anyone who does not go overboard- deserves to.
Malcolm Forbes, Sr.
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