And there, the American Medical association estimates that the spend is about $5.3 trillion a year. $5.3 trillion a year. And then a quarter of that is waste, inefficiency, duplication, redundancy, some fraud. Our goal with total transparency is we believe that 25 to 50% of that can actually be saved either to individual people through their own insurance or businesses through their insurance or all the Medicaid and Medicare. The government, probably a third of it could come back to the government, which could get us to universal coverage. When you look at that kind of, that's a $1.35 trillion amount of waste. (09:28–09:45)
CLAIM
Asserts belief that 25-50% of healthcare waste can be saved with transparency.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
