Thursday, April 11, 2013

Have you ever wondered...

Medical Mutual of Ohio has a report on what drives health care costs (and hence, as regular IB readers already know, health insurance costs). Among the findings:

■ More than half of the $2.6 trillion spent on healthcare in the United States each year is wasteful spending

■ Healthcare spending is not translating into better outcomes for U.S. residents

■ Two-thirds of U.S. consumers surveyed said they had received excessive medical testing

■ The single largest contributor to higher health insurance premium spending in 2010 was the hospital sector, where insurers paid out $48 billion more in 2010 than they had just five years earlier

There's more, and it's eye-opening. Click here for the full report.
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