A new study published by JAMANetwork, Waste in the U.S. Health Care System, shows that roughly 25%, or one-in-four, health care dollars, are wasted.
The conclusions come after the authors studied peer reviewed and “gray” literature from January 2012 through May 2019 across six domains of the health care industry that included failure of care delivery, failure of care coordination, overtreatment, and over complexity.
Based on more than 70 estimates across 54 publications and reports, the authors tallied waste of $760 billion to $935 billion.
On the bright side, interventions to address the waste could save between $191 billion to $282 billion.
Given that, at $10,000 per person per year, the U.S. spends more on healthcare than any other nation on the planet, working toward cost savings could be a good thing.