Study: $20b in Costs from Medical Errors
October 26, 2010 | Terry Sharrer
Commissioned by the Society of Actuaries in Schaumberg, IL, and completed by consultants with Milliman in Seattle, the report used claims data to provide an actuarially sound measurement of costs for avoidable medical injuries. Of the approximately $80 billion in costs associated with medical injuries, around 25% percent were the result of avoidable medical errors, says Jim Toole, FSA, CERA, MAAA and managing director of MBA Actuaries, Inc. MOREand to access the full report.