You may have wondered.. just where does all that money paid into healthcare go? I bet you will not believe this.. but 30% of healthcare costs are just the BILLING!!!!!!!!!!!!!!!!!!!!!!!!! INCREDIBLE!
That is even more mind-boggling when you consider how astronomically high the healthcare costs are!
That means.. that one hour procedure on my dad combined with his 2 day stay in the hospital that cost $78,000... resulted in $23,400 in administrative fees! You can hire a whole lot of people doing data entry for $23,400.
Let's extrapolate that.. $23,400 in just administrative fees covering a 2 day hospital stay equals $8,541,000 in administrative costs per patient per year. The hospital my father went to has a capacity for 687 patients. If all those beds were filled all year long, that hospital would be raking in $5.9 billion per year in just administrative costs.. and if you add the other 70% for the actual healthcare.. that would be $19.7 billion for just that one hospital to operate for one year!
One number I left out was the total healthcare costs per patient in that hospital per year... $28.5 million!https://www.singlecare.com/blog/30-medical-bills-go-administrative-costs/