medicare paperwork for all
TRANSCRIPT
![Page 1: Medicare Paperwork For All](https://reader030.vdocument.in/reader030/viewer/2022020411/586fe2761a28ab18428b7bbd/html5/thumbnails/1.jpg)
Medicare Paperwork For AllFull article on BloombergView
PETER ORSZAG
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In making his case for universal health care, Senator
Bernie Sanders has reignited a debate over whether the
U.S. should have a single-payer system.
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But it’s possible to simplify billing and claims processing
in health care without making such an extreme change.
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In 2014, the net cost of health insurance in the U.S. was
almost $200 billion, mostly for billing expenses.
$200BILLION
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These costs can readily be lowered.
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Other countries with mixed private-public systems have
admin processes that cost 25% - 60% less than ours.
The Center for American Progress has assembled several
proposals that it estimates could save $40 billion a year.
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First step? Simplify the transaction process involved in
billing and processing claims.
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The consistency of a one payment-processing
system would reduce errors and save as much as:
25%ON CLAIMS PROCESSING
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Instead of Medicare for all, as Sanders proposes,
perhaps we just need Medicare processing for all.
![Page 10: Medicare Paperwork For All](https://reader030.vdocument.in/reader030/viewer/2022020411/586fe2761a28ab18428b7bbd/html5/thumbnails/10.jpg)
It may not sound as sexy, but it’s much more
achievable -- and would bring significant savings.
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Read the full article at
BloombergView