ANN ARBOR, Mich., Feb. 25 /PRNewswire/ -- During today's healthcare summit, Sen. Tom Coburn,R-Oklahoma, cited the Thomson Reuters white paper, "Where Can $700 Billion In Waste Be Cut Annually From the U.S. Healthcare System?"
The paper, which documented how the U.S.
To schedule an interview on the paper's findings with Dr. Ray Fabius, chief medical officer for the Healthcare & Science business of Thomson Reuters, contact David Wilkins at 734-913-3397 (o) or 734-223-3269 (m).
The report quantifies the cost of the most significant drivers of wasteful healthcare spending including administrative inefficiency, unnecessary treatment, medical errors, and fraud. It is based on a review of published research and analyses of proprietary healthcare data.
President Obama and participants from both parties underscored the importance of addressing the waste and fraud that, according to the Thomson Reuters report, consume one-third of the nation's healthcare expenditures.
Here are some of the study's key findings:
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