Keckley Report October 14, 2019
A study released last week found “the estimated cost of waste in the US health care system ranged from $760 billion to $935 billion, accounting for approximately 25% of total health care spending”.
The Humana-UPMC (University of Pittsburgh Medical Center) research team evaluated 71 studies published in peer reviewed journals between 2012 and 2019 categorizing waste in six categories:
failure of care delivery, $102.4 billion to $165.7 billion
failure of care coordination, $27.2 billion to $78.2 billion
overtreatment or low-value care, $75.7 billion to $101.2 billion
pricing failure, $230.7 billion to $240.5 billion
fraud and abuse, $58.5 billion to $83.9 billion
administrative complexity, $265.6 billion
They...
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