The Institute of Medicine released a study in September about improving health care and reducing costs. Congress should take note that wasted spending amounts to $765 billion. This includes $75 billion in fraud, $55 billion in missed preventive care, $130 billion in preventable mistakes, $190 billion in bureaucracy costs, $210 billion in unnecessary services and $105 billion in excessive prices.
Eliminating this waste would be a substantial help in the current fiscal mess. Both liberals and conservatives should be crying foul. But I would bet we won’t hear a peep unless we as taxpayers express our concern by sending these figures to those who represent us.