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Excessive Medical Expenses Study Finds that Half of Health Care Dollars Are Wasted
San Francisco ChronicleLink to more items from this source
Feb. 11, 2005

Excerpt: About 50 percent of health care spending is eaten up by waste, excessive prices and fraud, according to a report set for release [February 9, 2005] by Boston University researchers. Major sources of unnecessary spending include administrative costs and profit in the insurance industry, high prices of prescription drugs and health services and, to a smaller extent, theft and fraud, according to the study.

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