ValueBasedPugs comments on Medical Professionals of Reddit, When was someone's self diagnoses surprisingly accurate?: "The results of this are not a coincidence. Waste in the medical system accounts for $750 billion of $3.2 trillion in total expenditure (nearly 1 in 4 dollars) (If I paid $120 for running shoes and the salesperson immediately threw $30 in the toilet, I would feel scandalized that I paid $120). This is the result of, in order of significance: 1. Repetitive or unnecessary services - especially labs, 2. Ballooning administrative costs, 3. Inefficient care, 4. Inflated prices, 5. A set of smaller factors that, together, are significant. And when it comes to increasing costs, JAMA articles point to Rx, medical devices, and hospital care accounting for >90% of pricing increases.
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