The study, published in JAMA, is based on government reports, articles and peer-reviewed publications related to costs and savings estimates in six categories of waste, released between 2012 and 2019.
American healthcare is the most expensive in the world, but as much as a quarter of medical spending is being wasted. It's a figure that amounts to costs of $760 billion to $935 billion per year. That's according to a study from researchers at Humana, a for-profit American health insurance company., is based on government reports, articles and peer-reviewed publications related to costs and savings estimates in six categories of waste released between 2012 and 2019.
"There are a number of sources of waste that result from a fragmented healthcare system," William H. Shrank, Chief Medical Officer at Humana, told"We would never expect to eliminate all. But there is good reason to believe that through deeper collaboration between physicians and insurance companies, investments in data interoperability and promoting integrated, coordinated care, we could massively reduce waste and make healthcare more affordable in this country.
"The paradox is that, in an era of health care when no dimension of performance is more onerous than high cost, when many hospitals and clinicians complain that they are losing money, when individuals in the United States are experiencing financial shock at absorbing more and more out-of-pocket costs for their care, and when governments at all levels find that health care essentially confiscates the money they need to repair infrastructures, strengthen public education, build houses, and...
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