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Friday, September 7, 2012
What does $750 billion in wasted spending look like?
Here is an infographic (I know) from the Institute of Medicine who just released this report. According to it, we are wasting $750 billion annually in unnecessary healthcare costs, and here is the breakdown. Note the ~$250 billion on overdiagnosis and overtreatment. Now,what are we going to do about it?
If you like Healthcare, etc., please consider a donation (button in the right margin) to support development of this content. But just to be clear, it is not tax-deductible, as we do not have a non-profit status. Thank you for your support!
If you like Healthcare, etc., please consider a donation (button in the right margin) to support development of this content. But just to be clear, it is not tax-deductible, as we do not have a non-profit status. Thank you for your support!
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I love this infographic - great post!
ReplyDeleteIt's nuts how much wasted spending there is. We see it in our world (Spanish language training for hospitals). We work on reducing overall costs for facilities by proper allocation of interpreter resources (like not using when there are competent bilinguals treating patients, and using interpreters properly to reduce errors, etc).
There are so may examples of wasted spending and areas to reduce costs. Everyone working on it within their realm should make a difference at some point, right?