- Waste in the US Health Care System
- Estimated Costs and Potential for Savings
- Six Waste Domains With Cost and Intervention Components
- Medical Debt in the US, 2009-2020
Waste in the US Health Care System
$935 Billion A Year [Nearly a Trillion]
U.S. Health System Waste Hits $935 Billion A Year
Waste in the U.S. healthcare system is $760 billion to $935 billion annually, or 25% of total medical spending, according to a new analysis published in JAMA. It's long been known that there is waste in the U.S.
Estimated Costs and Potential for Savings
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, and the projected potential savings from interventions that reduce waste, excluding savings from administrative complexity, ranged from $191 billion to$282 billion, representing a potential 25% reduction in the total cost of waste
Six Waste Domains With Cost and Intervention Components
Blog Post | October | 2019 By Amanda Hunt, Policy Analyst For several years, advocates, researchers and policymakers have relied on aging estimates of six domains of healthcare waste, identified by the Institute of Medicine (IOM) and Berwick and Hackbarth. The IOM report, released in 2010, estimated that at least one third of U.S.
Medical Debt in the US, 2009-2020
Americans owe nearly twice as much medical debt as was previously known, and the amount owed has become increasingly concentrated in states that do not participate in the Affordable Care Act’s Medicaid expansion program