America spent $2.6 trillion on health care last year; about one in every six dollars went into the health-care system. A third of that spending — a full $750 billion — did nothing to make anyone healthier.
That’s the big takeaway from an Institute of Medicine report out Thursday, which looks at our big health-care spending problem. The report clocks in at a hefty 381 pages, but there are two graphs, in particular, that I found helpful in thinking about wasteful health-care spending.
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