Healthcare’s wasted billions
Christian Science MonitorPosted: October 8th, 2008 by Steve Trinward
Author: Arthur Garson, Jr.
“Seven hundred billion — sound familiar? Yes, that’s the cost of the financial-services industry bailout, but it’s also about the amount of money America is wasting every year on unnecessary healthcare expenses. … Here’s the math: We waste an estimated one-third (about $700 billion) on unnecessary procedures, unnecessary visits to the doctor, overpriced pharmaceuticals, bloated insurance companies, and the most inefficient paper billing systems imaginable. Saving that wasted money can begin with you and me. Medical experts say that 40 percent of our life expectancy can be attributed to lifestyle.” (10/08/08)