Waste: About a third of that is wasted on tests and procedures and devices that we really don’t need, that don’t help, that even hurt us. That’s the conservative estimate in a number of expert analyses, and based on the opinions of doctors about their own specialties. Some analyses say more: Some say half. Even that conservative estimate (one third) is a big wow: over $1.2 trillion per year, something like twice the entire U.S. military budget, thrown away on waste.
We All Want Healthcare To Cost Much Less — But We Are Asking The Wrong Question
Joe Flower

Wow, that’s quite high. If the market process of experimentation were working properly, that ratio would likely be far smaller and wasteful ventures would be filtered out.

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