One final item for this week’s posting . . . we keep talking about the most recent debate as healthcare reform. I really think that it is time that we called this debate healthcare coverage/insurance reform. This debate is doing very little to address healthcare waste (hat tip: NV). Here are a few key points:
1.) Unnecessary care such as the overuse of antibiotics and lab tests to protect against malpractice exposure makes up 37 percent of healthcare waste or $200 to $300 billion a year.
2.) Fraud makes up 22 percent of healthcare waste, or up to $200 billion a year in fraudulent Medicare claims, kickbacks for referrals for unnecessary services and other scams.
So, while I am encouraged by the fact that more people may have coverage, let’s not kid ourselves that this recent legislation will solve all things.