Why Reducing Waste is Difficult
Identification of waste is difficult, but eliminating it is more difficult. Every dollar of waste is income to some individual or organization. – Victor Fuchs, from “Health Care Reform in the United States“
Tag: waste
How much money does Medicare waste?
The answer depends on who you ask. According to the GAO, Medicare spent $48 billion in “improper payments,” which include fraud but also waste, eligibility errors, miscoded claims and insufficient documentation. GAO determined that Medicare’s traditional fee-for-service plan had a 10.5 percent error rate. Attorney General Eric Holder, suggest there may be $60 billion in…