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A 2009 study published by BCBSA found that the average administrative expense cost for all commercial health insurance products was represented 9.2% of premiums in 2008. [229] Administrative costs were 11.1% of premiums for small group products and 16.4% in the individual market. [229]
The extra cost of malpractice lawsuits is a proportion of health spending in both the U.S. (1.7% in 2002) and Canada (0.27% in 2001 or $237 million). In Canada the total cost of settlements, legal fees, and insurance comes to $4 per person each year, [113] but in the United States it is over $16.
In economics, the Baumol effect, also known as Baumol's cost disease, first described by William J. Baumol and William G. Bowen in the 1960s, is the tendency for wages in jobs that have experienced little or no increase in labor productivity to rise in response to rising wages in other jobs that did experience high productivity growth.
The Marketed Health Products Directorate ( MHPD) is the Canadian federal authority that monitors the safety and effectiveness of health products marketed in Canada. These include: [1] Prescription and non-prescription medications. Biologic medical products, including fractionated blood products. Therapeutic and diagnostic vaccines.
4 people: $111,100. 5 people: $129,880. With subsidies, the national average monthly premium for an individual silver plan in 2022 drops from $438 to $66.72, according to KFF. In states like ...
This is a list of the highest known prices paid for philatelic items, including stamps and covers. The current record price for a single stamp is US$ 9,480,000 paid for the British Guiana 1c magenta. [ 1][ 2] This list is ordered by consumer price index inflation-adjusted value (in bold) in millions of United States dollars in 2023. [ note 1 ...
By Leroy Leo. (Reuters) - Guardant Health said its blood test to detect cancer that starts in the colon or rectum got an approval from the U.S. Food and Drug Administration, with the test moving ...
The Health Products and Food Branch ( HPFB) of Health Canada manages the health-related risks and benefits of health products and food by minimizing risk factors while maximizing the safety provided by the regulatory system and providing information to Canadians so they can make healthy, informed decisions about their health.