Statement I: America leads the world in medical administrative cost and amount of time wasted filling out forms.
Statement II: Health care costs are 20 percent of our GDP.

Question

Quizplus · Accepted Answer

Statement I is supported by research and data, as it is widely recognized that the administrative costs of healthcare in the US are significantly higher than in other countries. However, Statement II is false. According to the Centers for Medicare and Medicaid Services, health care expenditures represented 17.7 percent of GDP in 2019, not 20 percent.

Statement I: America Leads the World in Medical Administrative Cost