Abstract
It is no surprise that the United States has a problem managing its healthcare costs. To get insurance to cover medical costs, people have to stay in-network, pay their premiums, yearly fees, meet their deductible–which is the maximum out-of-pocket cost–pay a copay–a fee for a physician visit or prescription refill–and finally pay their co-insurance: the percentage of a medical bill the customer has to pay. The United States has access to some of the best medicine in the world with state of the art MRIs, which much research and development happening in the United States, and “the U.S. has four times the number of MRIs per capita as Canada, and three times the number of cardiac surgeons” (Cutler, 2020). There are many reasons as to why healthcare costs are so high in this country, one major reason is inflated health administration costs. This paper examines what is the cause for high health administration costs, and aims to find policies that could be implemented to lower these costs.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.