Administrative costs but I imagine insurance and health care costs for those employees. Lack of affordable/open medical care costs are passed on to the customers.
I don’t know what the figure is today, but I learned a while ago that 25% of all healthcare spending in the US is on paperwork. And the US spends a LOT on healthcare.
This is why the Republicans were so against the goverment-payer option for Obamacare. Not “because socialism,” but because about 30 percent of the cost of healthcare in the US is actually the result of the middlemen, i.e. the private insurance companies in control of the entire system and their bureaucratic clusterfucks specifically designed to extract as much money as possible from both the patient and provider. A single payer or government option would reduce or eliminate that.
30 percent.
The entire private insurance industry at this point is just a make-work operation to increase the cost and complexity of health care for the sole purpose of… the private insurance industry.
There was a time when paperwork and such was defensible.
Now, if carriers had a lick of sense, they’d realize that forms are dirt cheap online; and that it’s drastically less expensive just to pay the claim vs fighting it.
They don’t, of course, because mergers and sole-source pharmacies for “scary” meds, but that’s neither here nor there.
Whole idea of PBMs is wrong, offensive, and has set back my care. Know who should manage my pharmacy benefits, my fucking doctor. Full stop.
It turns out childcare is just a very labor intensive sector due to the amount of adults needed to watch the kids. This means that most of the costs for daycare are already labor:
In fast food, labor is 25% of the total costs. Estimates for day care - it’s, like, more than 70% of total costs.
Given that labor is already a disproportionate amount of the costs, raising salaries a little has a large effect on the increased cost that parents would have to pay.
Yes!!! So many industrialized western nations subsidize child care. I really don’t understand why the US has to be behind the curve with fucking everything, especially with this since we need more kids so badly.
All of the money is going to the CEOs and Investors. Every single time. Every single
Industry. Stagnant wages is what everyone else experiences because every year the ruling class gets a billion (+) dollar bonus.
Probably also rent for the space in most places, whether they are a home-based business with high mortgage costs, renting space from a corporate landlord, or otherwise exposed to market-rate real estate/rents. If the cost of real estate is high, it impacts the entire economy.
Gigan@lemmy.world 1 month ago
Seriously, where is the money going?
ChicoSuave@lemmy.world 1 month ago
Administrative costs but I imagine insurance and health care costs for those employees. Lack of affordable/open medical care costs are passed on to the customers.
awwwyissss@lemm.ee 1 month ago
I don’t know what the figure is today, but I learned a while ago that 25% of all healthcare spending in the US is on paperwork. And the US spends a LOT on healthcare.
dual_sport_dork@lemmy.world 1 month ago
This is why the Republicans were so against the goverment-payer option for Obamacare. Not “because socialism,” but because about 30 percent of the cost of healthcare in the US is actually the result of the middlemen, i.e. the private insurance companies in control of the entire system and their bureaucratic clusterfucks specifically designed to extract as much money as possible from both the patient and provider. A single payer or government option would reduce or eliminate that.
30 percent.
The entire private insurance industry at this point is just a make-work operation to increase the cost and complexity of health care for the sole purpose of… the private insurance industry.
____@infosec.pub 1 month ago
There was a time when paperwork and such was defensible.
Now, if carriers had a lick of sense, they’d realize that forms are dirt cheap online; and that it’s drastically less expensive just to pay the claim vs fighting it.
They don’t, of course, because mergers and sole-source pharmacies for “scary” meds, but that’s neither here nor there.
Whole idea of PBMs is wrong, offensive, and has set back my care. Know who should manage my pharmacy benefits, my fucking doctor. Full stop.
____@infosec.pub 1 month ago
You are assuming they get healthcare. Dangerous assumption these days, as the ACA has been carved down.
papertowels@lemmy.one 1 month ago
there’s a great planet money podcast that covers this
It turns out childcare is just a very labor intensive sector due to the amount of adults needed to watch the kids. This means that most of the costs for daycare are already labor:
Given that labor is already a disproportionate amount of the costs, raising salaries a little has a large effect on the increased cost that parents would have to pay.
Ibaudia@lemmy.world 1 month ago
Yes!!! So many industrialized western nations subsidize child care. I really don’t understand why the US has to be behind the curve with fucking everything, especially with this since we need more kids so badly.
Donebrach@lemmy.world 1 month ago
All of the money is going to the CEOs and Investors. Every single time. Every single Industry. Stagnant wages is what everyone else experiences because every year the ruling class gets a billion (+) dollar bonus.
No_Eponym@lemmy.ca 1 month ago
Probably also rent for the space in most places, whether they are a home-based business with high mortgage costs, renting space from a corporate landlord, or otherwise exposed to market-rate real estate/rents. If the cost of real estate is high, it impacts the entire economy.