Friday, October 16, 2009

Waste in Health Care Expenditures

This post from the OMB points out again something that isn't talked too much about in the health care debate - the amount of waste in our current system.  OMB puts the figure at $800 BILLION.of which about $200 billion is excess administrative costs - i.e., mostly the administrative costs of denying people care.  There are a lot of potential health care savings that can pay for health care for many people.

 

Posted via web from reannon's posterous

3 comments:

John Tedder said...

The health care bill must have a public option. Do you remember Mr. Potter in "It's a Wonderful Life?" Think of the big insurance companies as Mr. Potter. Think of Jimmy Stewart and the Bailey Building and Loan as the public option. We need Jimmy Stewart and the Bailey Building and Loan so that people have someone to go to instead of crawling to Potter.

President Obama's Chief of Staff, Rahm Emanuel today said on "Face the Nation" that health care premiums will rise 10% next year if nothing is done.

John Tedder
http://teddersrandomnotes.com/blog

Mary Amanda Axford said...

I agree with you absolutely. I don't think any other option will force the insurance companies to reign in their costs.

Mary Amanda Axford said...

Oh, and I am concerned about costs because I'm concerned that as many people as possible get coverage.