Throughout what has been an ever-evolving, multi-year health care “debate,” we’ve heard lots of numbers and stats tossed around. One that is getting more and more play is the “waste and inefficiency” data point: specifically, that 30 percent of the $2.3 trillion spent on health care is wasted.
Like many statistics, though impressive, the 30-percent stat doesn’t tell us much at face value. To most people, even a fraction of such a large number is still a really, really big number. Where is the waste coming from? Who is wasting all the money? What does “waste” even mean in this context? It’s a rather loaded term, after all. Identifying where the inefficiencies are in the health care system and why certain activities driving cost are, in fact, “wasteful” is a key to eliminating the waste and creating a more streamlined system that is driven by value and quality.
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China’s Health Care Reform: A Long March with Many Miles to Go
Catogories Health Policy | Tagged China, Health Care, reform, universal coverage | Leave a comment