December 14, 2009
A new study from Thomson Reuters Healthcare Analytics confirms one thing we all know about health care costs: fraud, paperwork, unnecessary care and other forms of waste combine to drain a mindboggling amount of money from the U.S. health care system. The new study pegs the total at around $700 billion a year — about one-third of the total U.S. health care spend.
“America’s health care system is indeed hemorrhaging billions of dollars,” says Robert Kelley, vice president of healthcare analytics at Thomson Reuters. The good news, however, “is that by attacking waste we can reduce health care costs without adversely affecting the quality of care or access to care,” Kelley believes.
One-third of health care dollars wasted – Articles – Employee Benefit Adviser
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