Thursday, November 12, 2009
Barack Obama, USA President, at a current press conference damned the existing Healthcare system in the country and attacked it for extravagant expenditure incurred on account of it. Thomson Reuters has endorsed the stand vis-Ã -vis US Healthcare system taken by USA President and needs the proposed reforms to be introduced at the initial to arrest the deficiencies and shortcomings, preventing errors accompanied with fight against corruption extensive in the system.
As per the report released by Robert Kelley, Vice-President of Healthcare Analytics at Thomson Reuters, US Healthcare system is responsible for incurring needless expenditure ranging between US $505 billion to $850 billion every year.
In this report which is a matter of grave concern, Kelley has estimated about 700 billion US dollars forms a predictable part of this extravagant expenditure that accounts for one-third of country’s healthcare bill.
The positive feature of this report is that by tackling the wastes escalation of healthcare costs can be radically reduced without moving the quality of healthcare or access to such facilities across USA. One glaring example is the wide usage of paper-based system that encourages confidentiality without sharing of medical records resulting in 6% of annual overspending.
As per the report released by Robert Kelley, Vice-President of Healthcare Analytics at Thomson Reuters, US Healthcare system is responsible for incurring needless expenditure ranging between US $505 billion to $850 billion every year.
In this report which is a matter of grave concern, Kelley has estimated about 700 billion US dollars forms a predictable part of this extravagant expenditure that accounts for one-third of country’s healthcare bill.
The positive feature of this report is that by tackling the wastes escalation of healthcare costs can be radically reduced without moving the quality of healthcare or access to such facilities across USA. One glaring example is the wide usage of paper-based system that encourages confidentiality without sharing of medical records resulting in 6% of annual overspending.
Labels: Healthcare System to blame For Fiscal Bleeding in USA
posted by renaa
@ 7:39 PM
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