Wednesday, September 12, 2007

The Trouble With Health Care

The real trouble with the medical system in this country, aside from all of the people who are uninsured and therefore unlikely to be consuming too much of that fun and exciting health care, is the fact that 30%+ of health care expenditures in this country are spent on administrative costs.

Doing a little trick we like to call "multiplication," when you add in the fact that 16% are GDP is spent on health care we learn that close to 5% of our GDP is spent on people pushing little bits of paper back and forth between doctors and insurance companies.