Institute: ONC | Component: 1 | Unit: 5 | Lecture: c | Slide: 10
Institute:Office of National Coordinator (ONC) Workforce Training Curriculum
Component:Introduction to Health Care and Public Health in the U.S.
Unit:Financing Health Care - Part 2
Lecture:Factors Contributing to Increasing U.S. Health Care Costs
Slide content:Administrative Costs Approximately 7% of annual U.S. health care expenditures Administrative costs more than twice average of other western industrialized nations Estimated excess expense = $91 billion 10
Slide notes:Administration costs are estimated to contribute to approximately seven percent of the total health care expenditures in the U.S. A study by the McKinsey Global Institute found that administrative costs account for more than twice the average spent by other industrialized nations, and contribute ninety-one billion dollars annually in excess health care expenditures in the U.S. 10