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Saturday, August 16th 2008

How Much Is Wasted In U.S. Healthcare?

Talk About Being Wasteful…

A PriceWaterhouseCoopers report estimates that the American healthcare system wastes $1,200,000,000,000 a year.

That is a huge estimate, much larger than any I’ve ever seen but you’ve read it right…1.2 trillion dollars a year is wasted according to PriceWaterhouseCooper. Now granted, their estimate is based solely on accounting of existing figures which previous, more independent, researchers have used to come to different figures on U.S. healthcare waste. As the WSJ Health Blog says,

PricewaterhouseCoopers also boosts the number by adding a category called “behavioral” waste, which includes the $200 billion costs of obesity and overweight and $100 billion for “non-adherence” to medical regimens generally. (Click on image at left to read PwC report.)

In anycase, no matter the number it highlights that the American system remains the least efficient in the world.