> There's going to be a lot of disruption and people who need new jobs when that revenue goes to other things in our economy.
From the paper: "Improvements in system efficiency, such as reductions in billing tasks, will involve a contraction of the workforce. Although the country will benefit from lower costs, 936 000 administrative positions and 746 600 positions in the health-care insurance industry are estimated to become redundant. However, detailed transition plans have suggested either funding for early retirement options, extensive severance, retraining programmes, and relocation expenses for all workers in these sectors. Implementation of such a plan is estimated to cost $61ยท5 billion annually over 2 years, a sum which would be recouped within the first year by the health-care savings estimated here."
From the paper: "Improvements in system efficiency, such as reductions in billing tasks, will involve a contraction of the workforce. Although the country will benefit from lower costs, 936 000 administrative positions and 746 600 positions in the health-care insurance industry are estimated to become redundant. However, detailed transition plans have suggested either funding for early retirement options, extensive severance, retraining programmes, and relocation expenses for all workers in these sectors. Implementation of such a plan is estimated to cost $61ยท5 billion annually over 2 years, a sum which would be recouped within the first year by the health-care savings estimated here."
https://www.thelancet.com/journals/lancet/article/PIIS0140-6...