MedCity News October 17, 2019
If “healthcare” spending is scrutinized, we will find that medically-related spending is actually 60 percent of overall expenses which means the remaining 40 percent is for NO care at all. Most of this is third-party payment.
Of the $3.8 trillion dollars the U.S. spends on “healthcare” every year, as much as 25 percent is wasted, according to an article in the Oct 7 Journal of the American Medical Association (JAMA). That would be up to $935 billion—almost enough to cover the federal budget deficit.
So, where does it all go? [“Healthcare” is a new term that refers to the $3.8 trillion enterprise that includes financing and management, not just patient care or medical care.]
The study’s authors searched peer-reviewed and...
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