Question

How much of every dollar spent on health care is wasted on unnecessary services, paperwork, and fraud, according to a recent report by the Institute of Medicine?

a. 10 cents
b. 20 cents
c. 30 cents
d. 40 cents

Answer 1

Thirty cents of every dollar spent on health care is wasted on services like unnecessary procedures, excessive paperwork, and fraud, contributing to the high cost of health care in the U.S. with suboptimal outcomes.

Step-by-step explanation:

According to a recent report by the Institute of Medicine, thirty cents of every dollar spent on health care is wasted on unnecessary services, paperwork, and fraud. This observation sheds light on the broader issue of why health care is so expensive in the United States while outcomes are often worse compared to other countries. Despite higher expenditures on health care, with 17% of the U.S. GDP going towards such costs, the country still faces challenges like the highest infant mortality rates and shortest life expectancy among developed nations.