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
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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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