February 10, 2005

BU: 50% of medical expenses are wasted....

Victoria Colliver:
About 50 percent of health care spending is eaten up by waste, excessive prices and fraud, according to a report set for release today by Boston University researchers.

Major sources of unnecessary spending include administrative costs and profit in the insurance industry, high prices of prescription drugs and health services and, to a smaller extent, theft and fraud, according to the study.
Posted by James Zellmer at February 10, 2005 7:48 AM | Subscribe to this site via RSS:
Posted to Health/Fitness | Politics