Friday, February 16, 2007

Health Care Costs in America

Paul Krugman cites a McKinsey & Company report on US healthcare costs in his NYT column today.

Amount of money spent in excessive adminstrative costs = $98 billion/year
(more than half accounted for by marketing and underwriting).

Amount of money paid in excess drug costs and medical device costs = $66 billion/year

Cost of providing full medical care to all of America's uninsured = $77 billion/year


Further reading:

nyceve, on dailykos.