About half of total health care spending is wasteful

PriceWaterhouseCoopers reports that of the 2.2 trillion dollars spent in the U.S. each year for health care, up to 1.2 TRILLION is wasteful spending.

Over 200 Billion wasted yearly just on inefficient claims form processes. That is about 690 dollars in paperwork waste for every man, woman and child in the United States. Seeing that not everyone is insured and therefore not paying into the system... the "paperwork waste" factor per insured American is more like 814 dollars per year.

(via CNN Money)