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IOM Issues Report on Healthcare Waste and Fraud

Thursday, September 6, 2012  
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A report issued this week by the Institute of Medicine (IOM) detailed billions of dollars of wasteful spending in the nation's health care system. The report has already garnered much attention from policy makers and the media, and is expected to play a pivotal role in the ongoing discussions on how to reduce costs in the delivery of care.

According to the report, there was $750 billion in wasted health care spending in 2009. It described the waste as spent on "unnecessary services, excessive administrative costs, fraud and other problems."

To read the report and some of the recommendations the IOM made to address these problems, click here.