Navigation Links
Private and public insurance choices could help pay for national health care reform
Date:7/16/2009

ed a choice of private plans only would increase administrative costs by $32 billion over the same period.

Savings from the mixed private-public reform approach would be realized through less marketing and underwriting, reduced costs of claims administration, less time spent negotiating provider payment rates, and fewer or standardized commissions to insurance brokers.

"A public plan would create an incentive for competitive private plan premiums with streamlined operations," said Davis. "Savings from these new efficiencies can be used to extend health insurance to people who can't afford it and to improve benefits."

The United States leads all other industrialized countries in the share of national health care expenditures devoted to administration. The cost of administering the U.S. health care system totaled nearly $156 billion in 2007, and that figure is expected to doublereaching $315 billionby 2018. In addition, costs incurred by physicians in their transactions with health plans are estimated to be as high as $31 billion a year.

About 12.4 percentor $96 billionof the $775 billion in privately insured health care spending went for administrative costs in 2007. That $96 billionrepresenting what insurance companies received in premiums, minus what was paid in medical claimsincluded claims processing, advertising, sales commissions, underwriting, and other administrative functions; net additions to reserves; rate credits and dividends; premium taxes; and profits. By contrast about 6.1 percentor $60 billionof the $974 billion in public program health care spending went for administrative costs in 2007. That includes federal, state, and local governments' administrative costs for public health programs such as Medicare, Medicaid, and the State Children's Health Insurance Program. Medicare prescription drug coverage, provided by private plans, has high administrative costs but is included in public program administration figure
'/>"/>

Contact: Mary Mahon
mm@cmwf.org
212-606-3853
Commonwealth Fund
Source:Eurekalert

Page: 1 2 3

Related medicine news :

1. Wynonna Judd Celebrates Her Progress on alli With Private Concert at Legendary Venue
2. MedClean Technologies Announces Results of Private Exchange Offer
3. Whole Foods Market(R) Partners With Non-GMO Project to Label Companys Private Label Food Products Using New Third-Party Standard
4. Jazz Pharmaceuticals Completes $7 Million Private Placement
5. Elderly breast cancer patients receive chemotherapy if treated in private practices
6. Visit to the doctor: The supply of additional private services is increasing
7. Everock, Inc. Completes Reverse Merger with Privately Held All-Natural Food Producer, Natures Peak
8. eCardio Receives Significant Investment in Private Funding from Sequoia Capital
9. Newly Launched Free Choice Foundation Attempts Rescue of Japan's Private Heath Care Network
10. New Analysis Examines Fraud in Both Private and Public Health Insurance Markets
11. Verizon Private IP Quadruples Network Capacity for Invacares European Operations
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/30/2015)... ... July 30, 2015 , ... ... Partners All-Star at the annual All-Stars Summit. Google Partners is the platform for ... may receive the full support and tools necessary to run successful search marketing ...
(Date:7/30/2015)... (PRWEB) , ... July 30, 2015 , ... Between 2012 ... to the Health News Florida on June 17th. Those untreated heroin use ... programs to prevent the spread of dirty needles throughout the community. Ultimately Florida’s HIV ...
(Date:7/30/2015)... ... July 30, 2015 , ... Ocean Hills Recovery has officially been accredited ... “no recommendations.” No recommendations means CARF found no areas in the OHR program that ... than 3% of all facilities receive. In addition, Ocean Hills was granted the maximum ...
(Date:7/30/2015)... ... July 30, 2015 , ... The ... Administrator Chuck Rosenberg’s announcement of the reinstitution of National Prescription Drug Take-Back Days. ... 2015 from 10:00 AM to 2:00 PM local time. On the 26th, the ...
(Date:7/30/2015)... ... July 30, 2015 , ... The ... Cancer Institute Designation , The Tisch Cancer Institute (TCI) at the Icahn School ... cancer center. TCI joins an elite group of 69 cancer institutions nationwide that ...
Breaking Medicine News(10 mins):Health News:Boston Web Marketing Attends Google Partners All-Stars Summit 2Health News:HIV Rates Rise in S. Florida, Harbor Village Comments on Health News Florida's Recent Article 2Health News:HIV Rates Rise in S. Florida, Harbor Village Comments on Health News Florida's Recent Article 3Health News:Ocean Hills Recovery Receives Accreditation from CARF International 2Health News:AAPCC Supports National Prescription Drug Take-Back Day 2Health News:AAPCC Supports National Prescription Drug Take-Back Day 3Health News:The Tisch Cancer Institute at Icahn School of Medicine at Mount Sinai Earns National Cancer Institute Designation 2Health News:The Tisch Cancer Institute at Icahn School of Medicine at Mount Sinai Earns National Cancer Institute Designation 3Health News:The Tisch Cancer Institute at Icahn School of Medicine at Mount Sinai Earns National Cancer Institute Designation 4Health News:The Tisch Cancer Institute at Icahn School of Medicine at Mount Sinai Earns National Cancer Institute Designation 5Health News:The Tisch Cancer Institute at Icahn School of Medicine at Mount Sinai Earns National Cancer Institute Designation 6
... Chinese researchers, the pumpkin promises more than it shows . ... the scientists from East China Normal University, have revealed that ... the pancreas, as well as increase insulin production. ... report in the journal Chemistry and Industry: "Pumpkin extract is ...
... time Terrence Balcita and Chevela Luong were joined as one at ... not enjoying blackjack or Wayne Newton, but that other Vegas specialty: ... to go with the love." Balcita said. ,Couples tied ... enjoy a 7/7/07 wedding date. ,"This is a historic ...
... earlier Rhode Island Hospital study looking at data from ... per year were seen in emergency departments across the ... which examined emergency department visits from 2000 through 2005, ... the study period, an average of 88,563 each year. ...
... Genzyme Corp. announced top-line data from the first of ... and efficacy of tolevamer liquid, an investigational, non-antibiotic , ... (CDAD). The second Phase 3 study of tolevamer liquid ... year. ,In this first Phase 3 study known ...
... a technique that could be used to confirm whether someone ... which has so far been used mainly in animal models, ... abnormal proteins that progressively kill off brain tissue and are ... as known as Protein Misfolding Cyclic Amplification (PMCA), enables the ...
... disorders in sex cells cause infertility, miscarriage and irregular ... ,A new study from Karolinska Institutet published in ... can arise when sex cells are formed. ... mechanism that ensures that the correct numbers of chromosomes ...
Cached Medicine News:Health News:Vegas Couples Hope Sevens Will Be Lucky Wedding Day 2Health News:Higher Rates of Trampoline Injuries 2Health News:Genzyme Announces First Phase III Study of Tolevamer in Diarrhea Patients 2Health News:Significant Advances in VCJD Prion Detection 2
(Date:7/30/2015)... PARSIPPANY, N.J. , July 30, 2015  Growth ... Rx-to-OTC switches as they bring former prescription users to ... environment, Kline forecasts robust Rx-to-OTC switch activity ... OTC categories emerging along with many new brands entering ... switches occur over the next five years (even those ...
(Date:7/30/2015)... July 30, 2015  Medimetriks Pharmaceuticals, Inc. announced ... Phase III clinical study for Ozenoxacin, a novel ... owns the exclusive U.S. rights to Ozenoxacin 1% ... at 44 centers with an emphasis on U.S. ... 2 months and older with a clinical diagnosis ...
(Date:7/30/2015)... , July 30, 2015 ... focused on gynecologic disease, announced today it ... results after the market close on Thursday, ... conference call and webcast at 4:30pm Eastern.Conference ... 2015 at 4:30pm Eastern/1:30pm Pacific  Domestic: ...
Breaking Medicine Technology:Rx-to-OTC Switches -- Game Changers for the U.S. OTC Drugs Market through 2019, Sees Kline 2Rx-to-OTC Switches -- Game Changers for the U.S. OTC Drugs Market through 2019, Sees Kline 3Medimetriks Pharmaceuticals, Inc. Announces Completion of the Second Successful Pivotal Phase III Study for Ozenoxacin 2Medimetriks Pharmaceuticals, Inc. Announces Completion of the Second Successful Pivotal Phase III Study for Ozenoxacin 3
... Dec. 1, 2011  Shire plc, the global specialty biopharmaceutical ... supply shortage of ADDERALL® (mixed salts of a ... immediate release formulation and is sometimes referred to ... the reports of the supply shortage, Shire cannot ...
...  Expanding on Panasonic,s line of hearing instruments, Panasonic Healthcare ... Power WH-105JZ hearing instrument with binaural audio headset.  ... WH-103JZ, the new JZ Power WH-105JZ, designed for mild ... on hearing range as compared with previous generation models.  ...
Cached Medicine Technology:ADDERALL® (mixed salts of a single-entity amphetamine product) Supply Clarification 2ADDERALL® (mixed salts of a single-entity amphetamine product) Supply Clarification 3ADDERALL® (mixed salts of a single-entity amphetamine product) Supply Clarification 4ADDERALL® (mixed salts of a single-entity amphetamine product) Supply Clarification 5Panasonic Expands on Hearing Instrument Lineup 2Panasonic Expands on Hearing Instrument Lineup 3
... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
Medicine Products: