By: Jay Arthur—The KnowWare Man
11/29/2012
The United States spends $2.5 trillion for healthcare. Healthcare spending is expected to reach $4.5 trillion by the end of the decade. With Obamacare becoming a reality, we need to find a way cut the cost of healthcare to help pay for these increasing costs. The Institute of Medicine (IOM) estimates that $750 billion of current spending is for unnecessary testing, waste, and rework. That’s about a third of total healthcare spending.