Sharply rising costs are putting both access and budgets at risk. Health care spending per person in the U.S. is double that in several other major industrialized countries, and costs in the U.S. continue to rise faster than income. We are headed toward spending $1 of every $5 of national income on health care. We should expect a better return on this investment.
Lowering insurance administrative costs to benchmark country rates could alone save up to $114 billion a year, or $55 billion if such costs were lowered to the level in countries with a mixed private–public insurance system, like the U.S. has.