Wasted Health Spending: Who’s Picking Up the Tab?
May 31, 2018
There is a significant amount of wasted spending in the US health care system, with estimates of over 30 percent of spending, or more than $1 trillion annually. An article published on the Health Affairs Blog takes a market-specific approach toward examining the causes of this waste and points to three intriguing insights:
Study authors make several recommendations to address these insights. In particular, analyzing all-payer claims databases could help to pinpoint wasteful spending and measures ways to reduce its burden. Public and private payers could reduce waste by focusing on health priorities specific to their patients and members, such as care transitions or targeting overtreatment through education programs. Simplifying administrative complexity might require regulatory intervention, but it also could reduce the spending burden.
Read the full article, “Wasted Health Spending: Who’s Picking Up the Tab?” by Daniel P. O’Neill and David Scheinker, on the Health Affairs Blog.