Reform of 'prior authorization' rules crucial to patient care - CommonWealth Beacon
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The point is that its not necessarily the
non-profit hospital healthcare system which is the issue, but the
for profit insurance healthcare part of the system which is making a mess of patients' experience in many cases. .
A 2021 McKinsey & Company study estimates that about one-quarter of the $4 trillion spent on health care annually in the United States – $950 billion – is administrative. Recognizing some administrative spending is necessary, the report identifies simplification opportunities that could deliver $265 billion in annual savings from roughly 30 interventions, including prior authorization reforms.