From this a.m.’s China Daily: “US healthcare system ‘wastes’ $850b a year
By Daniel at 27 October, 2009, 10:14 am
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(China Daily)
Updated: 2009-10-27 10:19
…..WASHINGTON: The US healthcare system is just as wasteful as President Barack Obama says it is, and proposed reforms could be paid for by fixing some of the most obvious inefficiencies, preventing mistakes and fighting fraud, according to a Thomson Reuters report released yesterday.
…..The US healthcare system wastes between $505 billion and $850 billion every year, the report from Robert Kelley, vice president of healthcare analytics at Thomson Reuters, found.
…..”America’s healthcare system is indeed hemorrhaging billions of dollars, and the opportunities to slow the fiscal bleeding are substantial,” the report reads.
…..”The bad news is that an estimated $700 billion is wasted annually. That’s one-third of the nation’s healthcare bill,” Kelley said in a statement.
…..”The good news is that by attacking waste we can reduce healthcare costs without adversely affecting the quality of care or access to care.”
NOW, Let’s talk REALITY! How much fraud is being uncovered AS WE SPEAK in the “first time buyers” program? How MISMANAGED was the Cash 4 Clunkers program? Who wants to BET that the 1/3 waste and fraud is ALL TIED to GOVERNMENT MANAGED parts of healthcare RIGHT NOW!
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