Wednesday, February 20, 2013

US Health Care System Wastes More Money than Entire Pentagon Budget

  • A review of U.S. healthcare expenses has revealed that 30 cents of every dollar spent on medical care is wasted, adding up to $750 billion annually
  • The report identifies six major areas of waste: Unnecessary services; inefficient delivery of care; excess administrative costs; inflated prices; prevention failures; and fraud
  • An investigation by the Center for Public Integrity found "upcoding" Medicare bills cost taxpayers about $1.1 billion annually.
    Upcoding is not something that's done by patients -- it's done by doctors.  So don't automatically blame poor patients for fraud; they're not the ones who are doing the coding.  My mother is one of those OCD people who scrutinize bills, and found things on their medical bills that she didn't think were accurate.

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