Infographic: The Cost Of Healthcare Fraud – $70-250 Billion Per Year

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According to a report by the OECD, the U.S. spends more on healthcare than any other country in the world. Yet the country also only has the eighth-lowest life expectancy in the OECD, while Japan who spends about $2,878 per person — about $5,000 less than the U.S. — has the highest life expectancy among developed nations.

Much of the money the U.S. spends goes to waste on issues such as inefficiency and administrative cost. However another major problem has seen billions of tax dollars go to waste on healthcare spending.

Check out this infographic, which explores the problem of healthcare fraud and medical identity theft and see how much inaccurate patient identification is costing the American taxpayer.

Related: US Health Care System Wastes $750 Billion Annually: Report

Related: Infographic: Why America Must Address Its Rising Healthcare Costs

Related: Infographic: The Truth about Medical Debt and Bankruptcy

Infographic on medical identity theft in healthcare
Via: m2sys.com