Health-Care System Wasting $750B a Year?

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It's considering obamacare the issue take center stage this election but still in the wings.

Is the massive costs of at all and now -- stunning new report says -- perform could be throwing good taxpayer money after bad lots of it.

Elizabeth.

Bottom line yeah lots of its 750.

Billion dollars a year cow waste all messed up right.

And here's until this comes from the institute of medicine which is affiliated with the National Academy of Sciences it's really an influential.

Five bipartisan -- a nonpartisan group that's been out there for years -- been examining this issue they have found.

The seven -- fifty billion dollars annually in ways to the Medicare system that would copper.

Ten years of those Medicare cuts that both sides of the political aisle talking about -- would cover the 716 billion in Medicare cuts so the worst offenders argue S the right question Melissa.

Unnecessary services 210 billion dollars a year for that.

Excessive administrative costs 190 billion bucks -- -- to this new study and inefficient delivery of care a 130 billion of course fraud and for the prevention failures that alike are also cited in their report again thanks something it's comes at a really interesting time because this has been an issue in the health reform debate.

About cutting out waste in the system.

I have a number of questions yet sure how subjective business I mean when they talk about excessive administrative costs hot that they define because one person's -- -- could be another person's necessary but I don't think did was yet but I read the report and what they did was they basically look through how this services are paid for and what the services were four.

And I got a mention too that it's worth noting.

On this panel that's -- -- you know talk about this and did the report and looked into it eighteen people are so.

These are doctors these are people in the health services industry they took very sharp view of this have been working on this report for months.

And you point out of the enemy point eight is it is more than the Pentagon budget seven -- -- fifty billion dollars.

It would be more than enough to care for the uninsured weren't enough to pay for the Medicare cuts and what's the reality with some what is the realistic idea that you can recoup some of this money will then that's what they're asking their deficit and that's right that's exactly the questioner asked -- -- -- of medicine and I've read the study have been reaching out then they're saying that we urged a frank discussion.

With health care providers and the government again to talk first about bringing the 750 billion dollars.

Out of the health care system first therefore we do any other kind of reform -- fix that problem first.

-- it is in my little talk about the extra tests and services I mean that's to avoid being doctors being sued down the road so -- like -- -- -- next question you sort of need tort reform and then.

You know it's it's very hard problem to -- That's right -- -- -- -- two -- one big chunk of it a 105 billion dollars for.

Inflated costs right so that's overcharging so.

Thirty cents of every.

Health care dollar goes to inefficiencies.

And waste and that's that that's what that's reported -- -- 30% -- easier and.

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Health-Care System Wasting $750B a Year?

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