The financial sinkhole of health insurance complexity
We all know that the U.S. system of paying for health care is tremendously complex and inefficient: a multitude of insurers, thousands of insurance plans, innumerable medical bills, countless incorrect and denied claims.
But just how much do we waste on this administrative morass?
I led a research team that recently reviewed all the available evidence and published our findings. The resulting numbers are staggering.
Compared with countries that have a single health …