John Hickenlooper: “The American Medical association estimates that the spend is…”

“And so if you can never see prices, if there's no transparency, no wonder you have double digit inflation every year in healthcare. 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.” (09:12–09:28)

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.