Fraud and waste are estimated to be 10% of healthcare costs: https://www.justice.gov/archives/jm/criminal-resource-manual-976-health-care-fraud-generally https:

Fraud and waste are estimated to be 10% of healthcare costs: https://www.justice.gov/archives/jm/criminal-resource-manual-976-health-care-fraud-generally https://www.justice.gov/archives/jm/criminal-resource-manual... Which is almost ~2% of GDP alone... 0.1% of credit card payments are fraud: https://www.federalreserve.gov/newsevents/pressreleases/other20181016a.htm https://www.federalreserve.gov/newsevents/pressreleases/othe... That's a more typical number. Something is extremely broken with US healthcare. The interesting thing is that every side seems to be losing. The winners are certainly not average doctors. Compared to the size of the market - health insurance is one of the worst insurance businesses. Hospital administration is also not a great business.