How the U.S. Health-Care System Wastes $750 Billion Annually How the U.S. Health-Care System Wastes $750 Billion Annually - Brian Fung - The Atlantic According to some, the US has the best healthcare system in the world. Really? Our healthcare isn't ranked the best, but damn it, we pay the most by about double, so we are Number 1 in healthcare (that's cost, folks). One of the reasons it's so expensive is because of the waste and guess who gets stuck with the bill for this waste? Maybe if the US did what every other country in the world does, negotiate medical costs with providers, there wouldn't be so much waste and it's a fact that the approach of negotiating what providers charge by countries' governments lowers the cost of healthcare. In order to live within the boundaries of the negotiated costs, the healthcare industry would have to make a concentrated effort to rid itself of all the waste. At this point, the healthcare industry doesn't care, they get their money and will continue to get their money as long as politicians are in the back pocket of the healthcare industry. It seems our politicians are content to let the US citizens and businesses pay through the nose, just as long as they get their political contributions. This hurts families and hurts business to the point it hurts their ability to compete on the world stage. Thoughts?