How Administrative Costs Drive Healthcare Costs

The video discusses the complexity and high administrative costs of the US healthcare system. It highlights studies showing that a significant portion of healthcare expenditures is due to administration, comparing US costs with other countries. The video also examines the administrative burden on hospitals and physician practices, emphasizing the impact of billing-related activities. The complexity of dealing with multiple payers and the rising costs associated with patient billing are also explored, illustrating the challenges and inefficiencies in the system.

How much time do doctors spend per week dealing with billing-related matters?

What was the percentage of total health expenditures accounted for by billing-related costs in 2009 and how did it change by 2012?

What are the implications of high administrative costs on American healthcare prices?