The November, 2012, issue of the AARP Bulletin has an interesting article on wasted spending in health care. They estimate wasted spending at $765 billion, which is about 27% of all health care spending at $2.8 trillion. The $765 billion figure is more than the amount Mitt Romney is accusing President Obama of taking from Medicare to pay for Obamacare. It is an interesting article with the largest source of waste being unnecessary services followed closely by insurance and bureaucratic costs. AARP’s site is at www.aarp.org As of this morning, the site has not yet posted the November issue of the Bulletin.
- Health care waste deconstructed: Fraudsters and patients aren’t the problem (bangordailynews.com)