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jody Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-20-09 09:34 AM
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"Health care's big money wasters "
Health care's big money wasters (CNN)

More than $1.2 trillion spent on health care each year is a waste of money. Members of the medical community identify the leading causes.

That's half of the $2.2 trillion the United States spends on health care each year, according to the most recent data from accounting firm PricewaterhouseCoopers' Health Research Institute.

What counts as waste? The report identified 16 different areas in which health care dollars are squandered. But in talking to doctors, nurses, hospital groups and patient advocacy groups, six areas totaling nearly $500 billion stood out as issues to be dealt with in the health care reform debate.

* * * * * * * * * *

Other areas of waste identified in the PricewaterhouseCoopers report included up to $493 billion related to risky behavior such as smoking, obesity and alcohol abuse, $21 billion in staffing turnover, $4 billion in prescriptions written on paper, and $1 billion in the over-prescribing of antibiotics.

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Wapsie B Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-20-09 10:00 AM
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1. Out of this $1.2 trillion it doesn't appear as if administrative costs
Edited on Thu Aug-20-09 10:01 AM by Wapsie B
are even factored in. So including that the final number is much much higher.
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jody Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-20-09 10:09 AM
Response to Reply #1
2. "Processing Claims" ($210B) is a major part of administrative costs. n/t
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Wapsie B Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-20-09 10:12 AM
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3. But does it take into account administrative salaries?
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jody Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-20-09 10:22 AM
Response to Reply #3
4. Don't know. I have not found a link to the PricewaterhouseCoopers report. n/t
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pansypoo53219 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-20-09 10:48 AM
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5. boy o boy.
we really need to save BILLING
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