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Me..

Monday, October 26, 2009

Reuters.. Follows the money in Healthcare

this just off the Reuter's wire..

Healthcare wastes up to 800 billion a year.

The President is right to say this all along. Follow the money, it is said.

Yes!! Track that stuff down!

Quoting the Article:


Some other findings in the report from Thomson Reuters, the parent company of Reuters:

* Unnecessary care such as the overuse of antibiotics and lab tests to protect against malpractice exposure makes up 37 percent of healthcare waste or $200 to $300 billion a year.

* Fraud makes up 22 percent of healthcare waste, or up to $200 billion a year in fraudulent Medicare claims, kickbacks for referrals for unnecessary services and other scams.

* Administrative inefficiency and redundant paperwork account for 18 percent of healthcare waste.

* Medical mistakes account for $50 billion to $100 billion in unnecessary spending each year, or 11 percent of the total.

* Preventable conditions such as uncontrolled diabetes cost $30 billion to $50 billion a year.

There is lots more to the article, and I hope you can take the time to read it.

Our President is right! But why is this being publicized so late in the game?? Any guesses? The drubbing of everything from town meetings to blogs, perhaps, by G squads?

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