Waste in the U.S. healthcare system has hit $935 billion a year
and editorials outlining waste in the U.S. health system and potential solutions.
Researchers in JAMA — including Shrank and his colleague Teresa Rogstad from Humana and Dr. Natasha Parekh from the University of Pittsburgh School of Medicine – looked at “six wasteful domains” identified by the Institute of Medicine report authors. Those were: failure of care delivery, failure of care coordination, over-treatment or low-value care, pricing failure, fraud and abuse, and administrative complexity.
“Administrative complexity is the greatest source of waste in the United States today and can be a result of payers’ efforts to reduce waste by reducing over-treatment and low value care,” researchers write in JAMA about the problems with fee-for-service payments to doctors and other medical care providers.
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The U.S. wastes 25 percent of its healthcare spending, with up to $935 billion lost every yearThe study, published in JAMA, is based on government reports, articles and peer-reviewed publications related to costs and savings estimates in six categories of waste, released between 2012 and 2019.
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The U.S. wastes 25 percent of its healthcare spending, with up to $935 billion lost every yearThe study, published in JAMA, is based on government reports, articles and peer-reviewed publications related to costs and savings estimates in six categories of waste, released between 2012 and 2019.
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Humana study reveals $265 billion wasted on health care each year in the USA groundbreaking research study released Monday by Humana reveals $1 out of every $4 spent on health care in the U.S. annually is being wasted, totaling $265 billion.
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