What’s Going on With Spending on Health Insurance Overhead?
Even as federal regulators take steps to constrain administrative spending by private health insurers, government overhead on health coverage has soared. In a Health Affairs blogpost published Wednesday, David Himmelstein and Steffie Woolhandler use actuarial estimates from the Centers for Medicare and Medicaid Services to project that between 2014 and 2022, national spending on private insurance overhead and government administration will rise by $273.6 billion related to the health-care overhaul.
Even as federal regulators take steps to constrain administrative spending by private health insurers, government overhead on health coverage has soared. In a Health Affairs blogpost published Wednesday, David Himmelstein and Steffie Woolhandler use actuarial estimates from the Centers for Medicare and Medicaid Services to project that between 2014 and 2022, national spending on private insurance overhead and government administration will rise by $273.6 billion related to the health-care overhaul.
SOURCE: Health Insurance News – Read entire story here.