estimated $750 billion waste in health care system...a year

[Don Quixote]

this just incredible

WASHINGTON (AP) — The U.S. health care system squanders $750 billion a year — roughly 30 cents of every medical dollar — through unneeded care, byzantine paperwork, fraud and other waste, the influential Institute of Medicine said Thursday in a report that ties directly into the presidential campaign.
President Barack Obama and Republican Mitt Romney are accusing each other of trying to slash Medicare and put seniors at risk. But the counter-intuitive finding from the report is that deep cuts are possible without rationing, and a leaner system may even produce better quality.
"Health care in America presents a fundamental paradox," said the report from an 18-member panel of prominent experts, including doctors, business people, and public officials. "The past 50 years have seen an explosion in biomedical knowledge, dramatic innovation in therapies and surgical procedures, and management of conditions that previously were fatal ...
"Yet, American health care is falling short on basic dimensions of quality, outcomes, costs and equity," the report concluded.

More than 18 months in the making, the report identified six major areas of waste: unnecessary services ($210 billion annually); inefficient delivery of care ($130 billion); excess administrative costs ($190 billion); inflated prices ($105 billion); prevention failures ($55 billion), and fraud ($75 billion). Adjusting for some overlap among the categories, the panel settled on an estimate of $750 billion.


http://news.yahoo.com/report-us-health-care-system-wastes-750b-140106406.html

 

[Phantasmal]

My daughter relateded to me today that they are running a model of performance rated helthcare with the Affirdable Healthcare Act, A patient on entry is evaluated by the hospital for existing conditions, after surgery, if you develop any conditions develop that you did not have on entry, then if it is determined if it was caused by treatment, the patient will not pay for treatment. It is performance related. It is going to cut costs dramatically.

 

[Don Quixote]

My daughter relateded to me today that they are running a model of performance rated helthcare with the Affirdable Healthcare Act, A patient on entry is evaluated by the hospital for existing conditions, after surgery, if you develop any conditions develop that you did not have on entry, then if it is determined if it was caused by treatment, the patient will not pay for treatment. It is performance related. It is going to cut costs dramatically.

i was recently in our local hospital for back surgery

when i was admitted to the hospital, my medical history and current medications were queried

every time someone came in to my room to do something to me, my wrist band was checked and i was queried as to who i was...also, when i was wheeled in to the operating room the doctor who was to do the surgery did the same thing even though we had talked earlier that day

these checks produce fewer errors and fewer lawsuits

 

[cancel2 2022]

That doesn't surprise me in the least, it had been documented for years about the sheer waste and Spanish practices that go on.

 

[PostmodernProphet]

the law in nearly every state provides that the profits of insurance carriers cannot exceed a fixed percentage of the benefits they pay out......if a company wants higher profits, therefore, they must pay out more in benefits......who do we think is going to watchdog excessive payout for benefits in system like that?.....

 

[canceled.2021.1]

this just incredible

WASHINGTON (AP) — The U.S. health care system squanders $750 billion a year — roughly 30 cents of every medical dollar — through unneeded care, byzantine paperwork, fraud and other waste, the influential Institute of Medicine said Thursday in a report that ties directly into the presidential campaign.
President Barack Obama and Republican Mitt Romney are accusing each other of trying to slash Medicare and put seniors at risk. But the counter-intuitive finding from the report is that deep cuts are possible without rationing, and a leaner system may even produce better quality.
"Health care in America presents a fundamental paradox," said the report from an 18-member panel of prominent experts, including doctors, business people, and public officials. "The past 50 years have seen an explosion in biomedical knowledge, dramatic innovation in therapies and surgical procedures, and management of conditions that previously were fatal ...
"Yet, American health care is falling short on basic dimensions of quality, outcomes, costs and equity," the report concluded.

More than 18 months in the making, the report identified six major areas of waste: unnecessary services ($210 billion annually); inefficient delivery of care ($130 billion); excess administrative costs ($190 billion); inflated prices ($105 billion); prevention failures ($55 billion), and fraud ($75 billion). Adjusting for some overlap among the categories, the panel settled on an estimate of $750 billion.


http://news.yahoo.com/report-us-health-care-system-wastes-750b-140106406.html

Unnecessary services? You can thank the trial lawyers
Inefficient delivery of care? You can thank the Federal Gobblement
Excess administrative costs? You can thank the Federal Gobblement
Inflated prices? You can thank the Federal Gobblement
Prevention Failures? Has nothing to do with healhcare and more to do with patients
Fraud? You can thank the Federal Gobblement

But, you guys want more of the same.