University of California (UC) San Francisco

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$375 Billion Wasted On Billing And Health Insurance-Related Paperwork Annually: Study

Press Release | Physicians for a National Health Program | January 12, 2015

Medical billing paperwork and insurance-related red tape cost the U.S. economy approximately $471 billion in 2012, 80 percent of which is waste due to the inefficiency of the nation’s complex, multi-payer way of financing care, a group of researchers say. The researchers – physicians and health policy researchers with ties to the University of California, San Francisco, the City University of New York School of Public Health, and Harvard Medical School – note that a simplified, single-payer system of financing health care similar to Canada’s or the U.S. Medicare program could result in savings of approximately $375 billion annually, or more than $1 trillion over three years.

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Expensive Drugs Forcing Cancer Doctors To Weigh Price

Robert Langreth | Bloomberg | May 31, 2014

...With new cancer drugs priced as high as $10,000 a month and more, and insurers tightening payment rules, patients who thought they were well covered increasingly find themselves having to make life-altering decisions about what they can afford. 

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