Question

In 2017, average administrative cost for health care in the 10

largest Organisation for Economic Co-operation and Development
(OECD) countries was 3%. What was the administrative cost for
health care

Answer 1

The average administrative cost for health care in the 10 OECD countries in 2017 was 3%, which is lower compared to the considerably higher costs in the United States, where healthcare spending is highest among high-income nations with poorer outcomes.

Step-by-step explanation:

In 2017, the average administrative cost for health care in the 10 OECD countries was 3%. These costs represent the expenses associated with administration in the healthcare sector, which includes activities such as medical billing, scheduling, and the management of healthcare facilities and insurance. Despite being a significant part of health spending, this figure is notably lower than what is seen in the United States.

For instance, in the United States, healthcare administrative costs are substantially higher. Not only does the U.S. spend more on healthcare than any other high-income nation, but it also has poorer health outcomes compared to other developed countries. This discrepancy raises questions about the efficiency and effectiveness of the health care system in the U.S., where there is ongoing debate about how to manage health expenditures and improve care outcomes.