When Spending Other People’s Money, Waste Is Inevitable

Is there wasteful spending in health care in the U.S.? Sure. Here’s Michael F. Cannon on the subject:

Experts suggest that one-third of U.S. health care spending, or about 6% of GDP, is pure waste. The reason is simple: Government controls half of our nation’s health care dollars, and lets employers control an additional quarter. And nobody spends other people’s money as carefully as they spend their own.

Cross-posted from State House Call.

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