Reducing Healthcare Spending – A Look at the Numbers

Healthcare spending is always a hot topic, particularly in the run-up to a presidential election. With total healthcare expenditures in the U.S. equal to the entire GDP of France ($2.6 trillion), it would seem an easy task to find some areas to trim in an effort to save just 1%. Based on an analysis from Dr. Ezekiel Emanuel, columnist and bioethicist, there simply is not an easy way to reduce healthcare spending by even such a modest amount.

From the article:

[I]t turns out that the combined profits of the country’s five largest for-profit health insurance companies — United, WellPoint, Aetna, Humana and Cigna — were $11.7 billion, only 0.5 percent of total health care spending. Even confiscating every penny of those profits would add up to less than half of the cost-saving threshold.

Check out the entire analysis of this issue, with links to even more information, on the Freakonomics site.

This entry was posted in FTTCF, Med PL and tagged , , by plushq. Bookmark the permalink.

About plushq

The Professional Liability Underwriting Society (PLUS) was founded in 1986 by industry professionals who recognized the need for a forum for individuals involved in the field of professional liability. The Society is a non-profit organization with membership open to persons interested in the promotion and development of the professional liability industry. Membership consists of over 6,500 individuals, representing over 1,000 companies active in the many fields of professional liability. PLUS currently receives the support of more than 200 companies through corporate membership. PLUS is recognized as the primary source of professional liability educational programs and seminars, assistance to its members to help serve clients, and information regarding professional liability. The Society is continually seeking new means to fulfill its mission statement and better serve its members.

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