Monday, February 21, 2011

Easy to read White Paper about Healthcare Fraud, Waste, & Abuse

Below is an easy to read White Paper by Thomson Reuters Healthcare Analytics about the magnitude of fraud, waste, and abuse in our health care systems.  I do take issue, however, with the author classifying fraud as "waste."   

Here are some of the highlights that taxpayers should be made aware of:

  • The Federal Bureau of Investigation (FBI) estimates that fraudulent billings to public and private healthcare programs are 3-10 percent of total health spending, or $75–$250 billion in fiscal year 2009.
  • Most fraudulent and abusive practices simply add cost with no value, but others actually expose patients to the risk associated with unnecessary procedures.

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