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Shocking new report on health care waste

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    Dr. Marc Siegel weighs in

  • Duration 3:48
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Welcome back a new report putting a price tag on -- shocking waste in the US health care system 750.

Billion dollars a year.

That's roughly thirty cents out of every dollar spent without purpose doctor Marxist.

A member of the Fox News medical -- -- a professor.

Menace and that in light you mangan medical center thank you so much for joining us hi Heather -- I'm doing it says the album why your estimate -- your -- 750.

Billion dollars.

That is equal to more than ten years of Medicare cuts in Obama's health care law it is more than the Pentagon budget more than enough to care for the uninsured.

How are we squandering away so much money.

According to the institute of medicine the key problem is something called complexity.

-- and this is good news mean we have so many new scientific discoveries as we put them into place in the health care system we don't know how to administer them.

We end up wasting money we don't have communication on a new solution you know they may test may be ordered excessively.

That's really the problem right there so I have a question.

-- -- -- Adding 32 million more people to a system that's wasting 750 billion dollars a year I have been saying -- for the last three or four years.

We needed to put improve the efficiency of the system.

Before we flooded it with more more patients who can use it by the way whenever they want -- the kind of insurance under obamacare you can use when ever you want.

So you're saying basically that will not work under this system madness.

Right because of the inefficiency because of excess administrative cost because the price is a variable all over the place I study that the USA today.

You know the -- -- -- the CT scan -- one thing if you pay cash another thing if one insurers covering and another thing.

If another insurance covering it there's no uniformity of cost.

Doctors -- practicing defensively because of there's no tort reform.

You know there's duplication not everybody is computerized the prices are inflated.

All of this is a perfect storm.

And it's not going to be solved by the way in my opinion.

By government excess government regulations which are gonna comment now saying you know panels -- -- -- is gonna say one treatment is better than another when treatment is more cost effective than another.

That actually doesn't work in the real world where real solutions are on an individual basis I think excess regulation isn't -- -- solve this.

He went through some of the areas of waste and we won't go through that is that the report identified six of them and that -- the major ones but -- also makes recommendations like you're talking about ten recommendations specifically.

A couple of them one include payment reforms.

To reward quality results instead of reimbursing for each procedure.

Improving coordination among different -- kinds of service provider you touched on that a little bit and leveraging technology.

To reinforce.

Clinical decisions it seems like these things would already be being done.

There's not enough communication -- made some great points there and there needs to be inefficiency in communication and not know duplication of services but I have a problem by the way with rewarding quality when we tell you what it is.

I love the idea of being paid if you have a good outcome.

But what about a doctor and a patient doesn't do well god forbid they -- right I shouldn't be paid for that.

What if it's a very sick patient if I am -- a situation where I am only being rewarded for quality Heather you know what's gonna happen.

I'll cherry pick my patience a sudden here comes a great pleasure that got -- -- get -- -- for taking care of them you can't fix that problem by simply rewarding.

Positive outcomes it's very problematic a lot of doctors say look I did that procedure I should be paid for -- Meantime 750.

Billion dollars a year and waste we have to get under where.

Getting too many patients to the system in a way where they can over use it whenever they want.

And that's gonna make it worse all right thank you -- the doctor -- nice to see -- Cragg.

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