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Massive Savings Possible In US Health System

October 21, 2021 Blog / Breaking News / expenditures / US Health System

October 21, 2021 The management consulting firm McKinsey & Company has issued a new report estimating that administrative changes and efficiencies could save the US health system more than a quarter trillion dollars.As noted in a Viewpoint article published in JAMA on October 20: "The analysis dissected profit and loss statements of individual health care organizations, estimated spending on specific processes, and compared administrative spending in health care with that of other industries. The conclusion of the report is that an estimated $265 billion, or approximately 28% of annual administrative spending, could be saved without compromising quality or access by…

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