Article

Report: About 30 Cents of Every Healthcare Dollar Wasted; US Can Cut Costs Without Rationing

The U.S. health care system squanders $750 billion a year — roughly 30 cents of every medical dollar — through unneeded care, byzantine paperwork, fraud and other waste, the influential Institute of Medicine said Thursday in a report that ties directly into the presidential campaign.

President Barack Obama and Republican Mitt Romney are accusing each other of trying to slash Medicare and put seniors at risk. But the counter-intuitive finding from the report is that deep cuts are possible without rationing, and a leaner system may even produce better quality.

Read the full story: wapo.st/RPbz5z

Source: The Washington Post

Related Videos
John Barkett, MBA
Emma Achola-Kothari, PhD
Dr Emma Achola-Kothani
Dr Emma Achola-Kothari
John Barkett, MBA
John Barkett, MBA
Tom Belmont
Dr Mingyang Song
John Michael O'Brien, PharmD, MPH
Related Content
AJMC Managed Markets Network Logo
CH LogoCenter for Biosimilars Logo