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How wasteful is the current health care system?

WASHINGTON (Reuters) – The U.S. healthcare system is just as wasteful as President Barack Obama says it is, and proposed reforms could be paid for by fixing some of the most obvious inefficiencies, preventing mistakes and fighting fraud, according to a Thomson Reuters report released on Monday.

The U.S. healthcare system wastes between $505 billion and $850 billion every year, the report from Robert Kelley, vice president of healthcare analytics at Thomson Reuters, found.

"America's healthcare system is indeed hemorrhaging billions of dollars, and the opportunities to slow the fiscal bleeding are substantial," the report reads.

So funding the new health care system should be as easy as transfering funds, shouldn't it?

Read the whole article here.


Asked by PsWifey at 2:46 PM on Oct. 26, 2009 in Politics & Current Events

Level 3 (13 Credits)
This question is closed.
Answers (18)
  • In most industrialized countries the admin costs for hc run about 5% of the total cost. So in terms of  US dollars that would mean that $5 of every $100 spent in hc, is spent on the admin cost. 

     In the US, $20 out of every $100 spent on hc is spent on admin costs. Yes, in this country we spend 4xs as much on PAPER work. Tha'ts a huge waste that must be eliminated.

    The current system needs major reform. Insurance Co need to be put in check before true reform can happen.


    Answer by Sisteract at 5:01 PM on Oct. 26, 2009

  • Our Emergency rooms here in NC, (maybe not all but yes some) are making you pay a copay in full when you go to the Emergency Room now, and they aren't supposed to deny you coverage at all. This reform crap is going to screw us all over.

    Answer by Anonymous at 2:52 PM on Oct. 26, 2009

  • Yes, it is bad and it needs to be reformed!

    Answer by older at 2:54 PM on Oct. 26, 2009

  • Medicare is very wasteful too so I am not too optimistic about that changing. My grandma needed a wheel chair Medicare paid three times what my fil paid for his wifes chair privately and his wifes chair was much nicer. They overspend on meds, services and supplies when they actually do pay for them. We need reform but that is not what I think will happen with the Gov involved.

    Answer by Anonymous at 3:05 PM on Oct. 26, 2009

  • You forgot to mention the Medicare FRAUD.Tackle that first, then worry about covering illegals.

    Answer by Anonymous at 3:08 PM on Oct. 26, 2009

  • Everyone agrees we need REFORM. The problem is MOST people dont think the govt will be any less wasteful. I mean, look at their track record! There is BIG difference between reform and taking over.


    Answer by momof030404 at 3:11 PM on Oct. 26, 2009

  • Actually the ER asking for the co-pay up front saves them tons of money. If you have a co-pay you were going to pay it eventually why not at the door. Stamps are 44 cents now. Why waste money on postage when you are standing right there! And the fraud was in the article too. READ THE ARTICLE PEOPLE.

    Answer by Anonymous at 3:12 PM on Oct. 26, 2009

  • I would agree....If anyone can actually think of ONE time when the government did LESS wasteful spending than the private sector.

    Answer by Anonymous at 3:41 PM on Oct. 26, 2009

  • Old News. Reform is a no brainer at this point in the game. No one is saying it doesn't NEED reform. It's the type of R E F O R M that is needed that people disagree with.

    Answer by grlygrlz2 at 3:58 PM on Oct. 26, 2009

  • I won't read the article it is a Yahoo news article it might be Ducks and runs.

    Answer by Anonymous at 3:58 PM on Oct. 26, 2009