US Healthcare System Wastes $800 Billion A Year


	US Healthcare System Wastes $800 Billion A Year

merrie

10-26-2009 9:40 PM

132 views

tags:

$800 billion a year, closer monitoring, fraud kickbacks scams, harsh prosecution and penalties, healthcare waste, lab tests and overuse of antibiotics

merrie says:

It might be better off creating laws that would wring excess out of the current system. It would avoid risking hundreds of billions of dollars in taxpayers money and would yield enough capital to help give insurance to the uninsured.

2 Comments |

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10-26-2009 11:33 PM

williamwhitlow

I agree with you, whole heartedly 100%.

As a matter of fact, i'm currently a "victim" if you will of the U.S. B.S. Healthcare system.

American Insurance is a scam, I felt the bite this month.

My wife and I have been visiting the doc for months, and I just received a letter in the mail, that although I have the best terminator insurance on the planet, my insurance is not covering my wife's pregnancy.

What?

Most carriers charge an extra $200 a month for this rider alone, and only cover 3k of it if my wife did get pregnant, after 2 years of adding the rider that is.

What a joke.

Seriously.

Start with getting rid of the unwarranted lawsuits against doctors for malpractice, and go fro...

10-27-2009 8:40 AM

jatfla

Why doesn't Congress listen to their constituents? Their ideas and proposals for better health care are much more practical and financially efficient than 99% of anything they have concocted and are determined to hoist on the backs of taxpayers and recipients.

I heard the best slogan for a new bumper sticker:

"Fight organized crime. Re-elect no one!"

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color:#e5e5e5;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/7947d477-fce8-4395-927d-ebc8d5741546/7DADF335-F8DB-4702-AB4B-3E9836D098EA/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://247wallst.com/2009/10/26/us-healthcare-system-wastes-800-billion-a-year/" href="http://247wallst.com/2009/10/26/us-healthcare-system-wastes-800-billion-a-year/" style="font-size: 11px;">247wallst.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://247wallst.com/2009/10/26/us-healthcare-system-wastes-800-billion-a-year/"><P>New <A class="iAs" classname="iAs" href="#" target="_blank" itxtdid="13387166">data</A> <A target="_blank" href="http://www.reuters.com/article/newsOne/idUSTRE59P0L320091026">compiled by</A> the healthcare analytics group at Thomson Reuters (<A class="iAs" classname="iAs" href="#" target="_blank" itxtdid="11065777">NYSE</A>:TRI) found that the “U.S. healthcare system wastes between $505 billion and $850 billion every year.”<SPAN id="more-51109"></SPAN></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://247wallst.com/2009/10/26/us-healthcare-system-wastes-800-billion-a-year/"><P>The primary culprits in causing the waste are overuse of antibiotics and lab tests which adds $200 billion to $300 billion to the cost of American healthcare per annum and fraud, kickbacks, and scams which add another $200 billion a year. Medical mistakes and preventable medical conditions were also listed as major causes for tens of billions of dollars in waste.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://247wallst.com/2009/10/26/us-healthcare-system-wastes-800-billion-a-year/"><P>Most of these problems can be prevented by legislation, closer monitoring by the <A class="iAs" classname="iAs" href="#" target="_blank" itxtdid="13244539">Health and Human Services <NOBR id="itxt_nobr_4_0">Department<IMG src="http://images.intellitxt.com/ast/adTypes/2.gif" name="itxt-icon-77" /></NOBR></A>, harsh prosecution of fraud, and incentives for patients who lead more healthy lifestyles. Almost every one of these things is financially preferrable to a healthcare package which could cost nearly $1 trillion over the next decade.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://247wallst.com/2009/10/26/us-healthcare-system-wastes-800-billion-a-year/"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/247wallst.com/img/9E9E1550-6156-4427-8347-96A3E41CB432" alt="bear" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://247wallst.com/2009/10/26/us-healthcare-system-wastes-800-billion-a-year/">The Administration may not need to push a healthcare reform bill though Congress.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/7DADF335-F8DB-4702-AB4B-3E9836D098EA/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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