2004 Study Shows Universal Coverage Could Save Enough to Pay for All (and then some).

Link to TradeWatch.org PDF

“A study by researchers at Harvard Medical School and
Public Citizen published in the January issue of the International
Journal of Health Services finds that health care bureaucracy last year cost
the United States $399.4 billion. The study estimates that national health
insurance (NHI) could save at least $286 billion annually on paperwork,
enough to cover all of the uninsured and to provide full prescription drug
coverage for everyone in the United States.

The study was based on the most comprehensive analysis to date of
health administration spending, including data on the administrative
costs of health insurers, employers’ health benefit programs, hospitals,
nursing homes, home care agencies, physicians and other practitioners in
the United States and Canada. The authors found that bureaucracy
accounts for at least 31 percent of total U.S. health spending compared
to 16.7 percent in Canada. They also found that administration has
grown far faster in the United States than in Canada.”

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