healthcare spending

A new study estimates that 25% of our healthcare spending is wasted. Physicians, the most easily squeezed, account for about a third. Market failures -- a term for opaque, high prices for pharmaceuticals and the high cost of administrative "complexity" -- account for the other two-thirds.
It's a well-known fact that we spend a lot of money on the healthcare of those who are dying, especially during the last 12 months of life. But is that "wasted" money a bad thing?