A study published in the New England Journal of Medicine prepared by a Harvard researchers and the Canadian Inst. for Health Info. says that $.31 of every $1 for health care in the US goes for administrative costs, nearly twice that of Canada. Some $.17 goes for insurance company underwriting and advertising.
The punch line seems to be:
Researchers who prepared the comparison said on Wednesday that the United States wastes more money on health bureaucracy than it would cost to provide health care to the tens of millions of uninsured Americans.
On the other hand, someone from the Brookings Inst. says that the authors probably have exaggerated the figures by about 24%.