The United States spends more on health care than do 13 otherhigh-income countries, according to The Commonwealth Fund’s “U.S.Health Care from a Global Perspective” report.

It is estimated that nearly 20 percent of that spend goes towaste, including overtreatment, lack of care coordination, andfraud.[1]

Minimizing wasteful medical spending —spending that could be cut without negatively affecting access tocare, quality of care, or health outcomes — represents asignificant opportunity to reduce not just direct medical costs butcosts associated with insurance premiums, which have beenincreasing between 3 and 13 percent per year since 2000 andoutpacing inflation and earning increases (which usually hoverbetween 2 and 4 percent).[1, 2]

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.