Before Rationing Healthcare, Let's Ration Waste Making the Cut: End of Life Medicare vs. Waste, Fraud and Abuse
PITTSBURGH, Dec. 12, 2012 /PRNewswire/ -- If you were terminally ill, when would your last year of life actually begin? Proponents of Medicare rationing are tackling that question now because more than a quarter of the Medicare budget is spent on healthcare for the dying.
But isn't that the primary reason the money was there in the first place? Wasn't the very idea of Medicare to provide for the elderly and infirm when they no longer can?
There is a better way than trying to guess the end of your life. The Institute of Medicine (IOM) recently released a comprehensive report stating that massive savings could be realized if action were taken to address waste, fraud and abuse. TeleTracking Technologies estimates that nearly 40% of the $765 billion that the Institute of Medicine (IOM) says is wasted EACH YEAR by the U.S. Healthcare System could be saved by adapting industrial-style logistics efficiencies, including real-time patient flow and capacity management automation.
Sr. Manager, Marketing Communications
TeleTracking Technologies, Inc.
412-391-6098 / email@example.com
SOURCE TeleTracking Technologies, Inc.