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Showing posts with label IOM: US wastes $750 billion annually on health. Show all posts
Showing posts with label IOM: US wastes $750 billion annually on health. Show all posts

Thursday, September 6, 2012

Institute of Medicine: the U.S. wastes $750 billion on medical costs annually

Read this stunning report regarding medical dollar spending in the U.S. In short, the non-government, IOM has concluded the as much as 30 cents of every medical dollar spent is wasted due to "unneeded care, byzantine paperwork, fraud and other waste" - every year - to use an analogy -" If banking worked like health care, ATM transactions would take days" you can read all about the report here -