US Healthcare Waste: Larger Than Entire Pentagon Budget But Smaller Than Obama’s Annual Deficit
The American Interest reported:
It’s not exactly earth-shaking news that there’s a lot of waste in the U.S. health care system, but this item we came across still managed to stagger us: A report by the Institute of Medicine estimates that as much as $750 billion is wasted in the U.S. health care system each year. Three quarters of a trillion dollars. Every year. As the Wall Street Journal notes, that’s bigger than the Pentagon budget, amounting to roughly 5 percent of GDP.
The report goes on to say that Obamacare will not fix any of these problems.
What did Obamacare fix?