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Article Summary An Organisation for Economic Co-Operation and Development (OECD) Report

question 66

Multiple Choice

Article Summary
An Organisation for Economic Co-operation and Development (OECD) report states that administration costs for health care in the United States are the highest in the developed world, accounting for over 8 percent of spending in the health care sector, compared to a global average of about 3 percent. According to the report, expensive surgeries, high pharmaceutical costs, and corrupt practices increased global health care costs, and poor coordination between health care providers, duplication of tasks, and excessive time spent on paperwork all contributed to higher administrative costs. The report also noted that administrative costs are generally lower under government-managed health care systems than with private insurance, but governments could still significantly cut spending and improve patients' health.
Source: Alanna Petroff, "U.S. health care admin costs are double the average," money.cnn.com, January 11 2017.
-Basic supply and demand analysis indicates that having firms rather than the government provide health insurance to workers

Definitions:

Reader's Attention

The focus or concentration a reader gives to the content, which is crucial for effective communication and understanding.

Direct Approach

A communication method where the main point or request is presented at the beginning, followed by supporting details.

Minor Impact

A small or negligible effect or influence that something has on a situation, process, or condition.

Direct Approach

A straightforward method of communication or action where intentions and messages are conveyed clearly and openly.