See also: Paper Cuts by Elizabeth Wikler, Peter Basch, and David M. Cutler
Administrative costs in the U.S. health care system consume an estimated $361 billion annually – 14 percent of total health care expenditures. At least half of this spending has been estimated to be wasteful. In an era of budget deficits and rising health care costs, the case for reducing administrative complexity is compelling: successful efforts can result in significant financial savings while simultaneously improving system performance indicators and the quality of care.
In a report to be released at the event, authors David Cutler, Peter Basch, and Beth Wikler make specific recommendations to cut administrative costs significantly, saving $40 billion a year. Key stakeholders—leaders of the health insurance industry and physicians—will discuss these recommendations. Please join the Center for American Progress for the release of this paper, a discussion of these issues and more.
Topher Spiro, Managing Director for Health Policy, Center for American Progress
David Cutler, PhD, Otto Eckstein Professor of Applied Economics, Harvard University and Senior Fellow, Center for American Progress
Peter Basch, MD, Medical Director for Ambulatory EHR and Health IT Policy, MedStar Health and Senior Fellow, Center for American Progress
Karen Ignagni, President and Chief Executive Officer, America’s Health Insurance Plans
James L. Madara, MD, Executive Vice President and Chief Executive Officer, American Medical Association
Zeke Emanuel, Senior Fellow, Center for American Progress