October 26, 2009

RAISE YOUR HAND...:

Healthcare system wastes up to $800 billion a year (Maggie Fox, Oct 26, 2009, Reuters)

Some other findings in the report from Thomson Reuters, the parent company of Reuters:

* Unnecessary care such as the overuse of antibiotics and lab tests to protect against malpractice exposure makes up 37 percent of healthcare waste or $200 to $300 a year.

* Fraud makes up 22 percent of healthcare waste, or up to $200 billion a year in fraudulent Medicare claims, kickbacks for referrals for unnecessary services and other scams.

* Administrative inefficiency and redundant paperwork account for 18 percent of healthcare waste. [...]

"The average U.S. hospital spends one-quarter of its budget on billing and administration, nearly twice the average in Canada," reads the report, citing dozens of other research papers.


...if you think increased government involvement will reduce bureaucracy, paperwork, fraud and CYA practices....

Posted by Orrin Judd at October 26, 2009 9:44 AM
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