Report Reveals $750 Billion in Health Care System Waste
On September 6, 2012, the Institute of Medicine, the health arm of the National Academy of Sciences, released a report detailing how the United States’ health care system wastes approximately $750 billion a year -- 30 percent of all health care spending – on unnecessary services, inefficiently delivered services, excess administrative costs, prices that are too high, missed prevention opportunities, and fraud. The report, entitled “Best Care at Lower Cost: The Path to Continuously Learning Health Care in America,” made ten recommendations on how the health care system could provide higher quality and greater value. The report encouraged employers to demand accountability from medical providers rather than shifting costs to workers. View the full report here: http://www.iom.edu/Reports/2012/Best-Care-at-Lower-Cost-The-Path-to-Continuously-Learning-Health-Care-in-America.aspx
Author: Kristina M. Zinnen
