Study Says Medical Errors Cost Nearly $20 Billion Every Year

The Wall Street Journal “Health Blog” reported on a study released Monday by the Society of Actuaries which states that medical errors cost the US $19.5 billion in 2008.  The costs include both medical costs and those linked to lost productivity.  The Hill reports that the dollar figure cited is “likely low,” according to consultants at Milliman, “who crunched the data.” Jonathan Shreve, an actuary for Milliman who co-authored the report, said, “We used a conservative methodology and still found 1.5 million measureable medical errors occurred in 2008.”  More than “half of those costs were associated with just five avoidable medical injuries: pressure ulcers; post-op infections; mechanical troubles with devices, implants or grafts; post-laminectomy syndrome; and hemorrhages.”

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One response to “Study Says Medical Errors Cost Nearly $20 Billion Every Year

  1. That is quite a stricking figure to me. I assume that figure has risen ten fold this year which is not really surprising but hopefully, a better system will be put in place.

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