AI could help reduce the administrative costs of health care

It's no secret that the U.S. spends a lot on health care, around 18 percent of its GDP or $9,400 per capita, nearly double what other high-income countries such as Canada, UK, Germany, and Australia spend. But more spending doesn't necessarily yield better results. In fact, studies show that many of the countries that spend less than the U.S. see better outcomes in the overall health of their citizens. According to a new report published by the Journal of the American Medical Association (JAMA), a little less than half the health care expenditures in the U.S. go into planning, regulating, and managing medical services at the administrative level. And industry experts believe we can reduce a lot of this spending with the help of artificial intelligence.