Wasteful Spending, 2012 Presidential Election | featured news

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Report: US health care system wastes $750B a year

A new report says the U.S. health care system squanders $750 billion a year - roughly 30 cents of every medical dollar... But the counter-intuitive finding from the report is that deep cuts are possible without rationing, and a leaner system may even produce better quality.

Senh: That's pretty close to Barack Obama's $716B in savings from Medicare that could be achieved by eliminating wasteful spending and improving efficiency in the health care industry.

 

Obama: I have strengthened Medicare

Barack Obama

President Obama fought back against Republican criticism over Medicare today, saying he has improved the program by eliminating wasteful spending. "Here's what you need to know -- I have strengthened Medicare," Obama told supporters in Dubuque, Iowa, on the third and final day of his bus tour of the state.

 

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