There is extreme waste for practitioners in our non-standardized way of filing for payment from multiple insurers.
Medical practices in the U.S. spend nearly four times as many hours a week dealing with insurers than do practices in Canada, at nearly four times the cost, researchers found.
The researchers estimated that physician practices in Canada spend $22,205 per physician per year interacting with Canada’s single-payer agency. By contrast, U.S. physicians are spending $82,975 per doctor per year.
Medicynical note: The health care reform so reviled by republicans will correct this problem, not by going single payer, but simply by requiring insurers to use a standardized form.