Payment Reform: Performance And Outcome Based Medicine?
/USA Today recently published an article that discusses how the United States, is the world’s largest spender on health care, yet receives the least amount of value in return. “A 2012 Institute of Medicine report on health care spending in 2009 estimated that of the $2.7 trillion national spend on health care that year, 30%- or $810 billion- was wasted on unnecessary services, inefficient service delivery, fraud and abuse, predatory pricing and excessive administrative costs.”
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