America spends $5.3 trillion on healthcare and 1/3 disappears into administration
The craziest part about U.S. healthcare is not just the price. It is how much of the money goes into running the machine itself. America spends $5.3 trillion a year on healthcare. And roughly 25% to 34% of that spending goes toward administration. That means more than $1 trillion is tied up in billing, paperwork, … Read more