New report on wasteful health care spending
Dr. Marc Siegel weighs in
- Duration 4:25
- Date Sep 9, 2012
Dr. Marc Siegel weighs in
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Different -- like yeah yeah exactly -- -- Doctor -- was doing well are we talking about it's about factor vice president making a joke -- a health care and not a laughing matter Obama -- was supposed to make sure everyone.
-- access to affordable quality health care but a new report.
Says the US health care system is wasting.
750 billion dollars a year.
So doctor Marc Siegel is here to help explain this -- -- -- CEO.
So be it -- reporter.
Released this report is is connected to obamacare was Obama -- supposed to help the cut out some of the wasteful spending in Madison.
Theoretically -- but here's where I come in on the 750.
Billion dollars a year according to the institute of medicine per year is wasted.
Or an unnecessary services on high prices uneven prices on new -- -- been integrated into the system so I have a question.
Could you -- 32 million more patients to that system without making it more efficient first.
No you can't.
And if you are gonna try to make it more efficient who do you trust to do that the government the most inefficient system in the world or private solutions.
Where you know the companies will say and I'm talking hospitals now Cleveland clinic Mayo Clinic my own medical center medical senators are saying.
What can we do to have more -- -- walk -- due to computerized.
Welcome we do to make prices more uniform look going -- to.
-- would their defense would be that most of these central pillars of obamacare yet to really take cold so maybe two.
Have the the things that would prevent waste would prevent fraud and would prevent overlap.
-- they are gonna say that that's a great point but here's my problem with that when you start to regulate from on high.
The sensitivity of the system suffers in other words one solution is not better than another one treatment is not better than another one test is not better than other.
And you can't tell from Washington if -- -- uniformity or not it's on a personal basis that works on a hospital by hospital basis instead it.
Found that part of this at a 150 billion dollars is being wasted is because.
Of areas of unnecessary.
Services you address this -- testing too much testing on patients is that what that refers to unnecessary services.
I think there is too much testing on patients and I think one of the reasons for that is because we don't have tort reform which should have been part of any health reform solution.
You know tort reform isn't just fifty billion dollars a year spent defensively it's about a culture of practicing medicine.
Where you don't know what's gonna happen you don't want to miss something even if there's a less than 1% chance it's the issue because you're afraid you could get sued.
Without tort reform there's going to be a lot of waste in the system and this fraud in the system as well that they that the health reform -- is not giving out.
All right so -- forward it how can we cut some of this waste what are your recommendation there's a lot of great recommendations here you need more teamwork you need a systems approach.
You need a patient centered approach that's really -- what is your patient want you know what is your patient advocate -- what do they say what kind of solutions that they actually want.
I want uniform prices to there and I've written about that and -- that's why should one insurance company be paying 3000 dollars for -- cat -- But if you called up the hospital you would pay 800 dollar you've got one hospital charging five grand for procedure the one across the street car.
Charging half that so that's not just great -- companies.
That's the whole system at the hospitals.
That -- -- inflated prices it's un uniform prices it's crazy in the administrative costs go down.
The more you work as a team.
I love that team approach we're seeing more and more that would nurses with nurse practitioners with physicians with the administrators again it works very well -- medical centers we needed across the.
Same -- more and more -- that is -- do you have any optimism today.
If some of the 750 billion dollars of waste can be cut out of this of our health care system coming up.
I do have some optimism but I have a word of caution here our insurance is too easy to over use and that's again the Obama care problem.
If you flood the system with patients that can come in even when they're not sick.
It really gums up the works I have some confidence.
But there's -- -- be more efficiency but again private solutions that would what's the way to -- doctor Marc Siegel from -- eighteen great info thank it servicing us in the city of Saddam.