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American Healthcare System Wastes $800 Billion Per Year

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ChoppinBroccoli Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-26-09 02:13 PM
Original message
American Healthcare System Wastes $800 Billion Per Year
Edited on Mon Oct-26-09 02:26 PM by ChoppinBroccoli
http://news.yahoo.com/s/nm/20091026/ts_nm/us_usa_healthcare_waste

Gee........$800 billion.........that number sounds kinda familiar. If we had an extra $800 billion lying around, we could pay for.........something that costs roughly $800 billion (according to the CBO). If only I could remember what that was.



WASHINGTON (Reuters) – The U.S. 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 on Monday.

The U.S. 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.

<snip>

All this could help explain why Americans spend more per capita and the highest percentage of GDP on healthcare than any other OECD country, yet has an unhealthier population with more diabetes, obesity and heart disease and higher rates of neonatal deaths than other developed nations.

Democratic Senator Charles Schumer said on Sunday that Senate Democratic leaders are close to securing enough votes to pass legislation to start reform of the country's $2.5 trillion healthcare system.
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kenny blankenship Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-26-09 02:19 PM
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1. That's not waste, that's investor class PROFIT!
Maybe you'll be classifying $150,000 Mercedes V12 engined S600 sedans, or third or fourth vacation homes as "excessive" next! You're going on the watch list, Citizen Broccoli Chopper.
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