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US Health Care Wastes $700B a Year

A third of spending is lost to pointless treatment, paperwork, fraud

By Jason Farago,  Newser Staff

Posted Oct 26, 2009 5:53 AM CDT

(Newser) – A study by Thomson Reuters released today confirms President Obama's contention that the American health care system is hemorrhaging billions of dollars a year, with one-third of the cost of care wasted on inefficiency, mistakes, and fraud. The report, which cites dozens of research papers,...   Read full story »

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