US Healthcare Waste: Larger Than Entire Pentagon Budget But Smaller Than Obama’s Annual Deficit

Waste in the US health care system is larger than the entire Pentagon budget but smaller than Obama’s annual trillion dollar deficits.

The American Interest reported:

It’s not exactly earth-shaking news that there’s a lot of waste in the U.S. health care system, but this item we came across still managed to stagger us: A report by the Institute of Medicine estimates that as much as $750 billion is wasted in the U.S. health care system each year. Three quarters of a trillion dollars. Every year. As the Wall Street Journal notes, that’s bigger than the Pentagon budget, amounting to roughly 5 percent of GDP.

The report goes on to say that Obamacare will not fix any of these problems.
What did Obamacare fix?

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