So, why are U.S. health care costs so much higher than health care costs in Europe or in the rich countries in Asia?
Doctors are trying to refute allegations that they might be the culprits.
Doctors, hospitals and others tend to blame the health insurance companies, but America's Health Insurance Plans, Washington, points out that care is two or three times more expensive in the United States than in other rich countries, and that, for commercially insured people, health insurance administrative expenses account for less than 15% of the total. And some countries with much lower costs, such as the Netherlands and Switzerlands, also have large health insurance industries.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
