A third of spending is lost to pointless treatment, paperwork, fraud
                                
                                
                                    (Newser) -
                                    A study by Thomson Reuters released today confirms President Obama's contention that the American health care system is hemorrhaging billions of dollars a year, with one-third of the cost of care wasted on inefficiency, mistakes, and fraud. The report, which cites dozens of research papers, finds that about $700 billion...