Search
 
News

It’s (too) complicated: $265B could be saved annually by streamlining health care administration

The U.S. health care system is a world leader in innovation, but its complexity also contributes to much higher costs across the board.

By Scott Wooldridge | October 21, 2021 at 09:48 AM
Even with the challenges that change can bring, the authors said the U.S. might be at a good place to start implementing reforms to lower complexity and increase efficiency.

The U.S. health care system could save $265 billion annually by adopting reforms to reduce administrative complexity, according to a new report by McKinsey & Company.

The study is the result of a multi-year research effort and authored by four health care experts including two Harvard economics professors. The study was expanded on in a commentary in JAMA Viewpoint.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2023 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.

Recommended Stories

New COVID variant is on the rise, has tripled in the past 2 weeks

New COVID variant is on the rise, has tripled in the past 2 weeks

Alan Goforth |

Although the pandemic is over, COVID-19 remains a persistent threat, as incidents of a highly mutated variant, BA.2.86, have tripled in the past 2 weeks but the CDC is confident the vaccines will be effective against the new strain.

BenefitsPRO Broker Expo 2024Event

The premier educational and networking event for employee benefits brokers and agents.

Get More Information
 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.