However, these figures are likely to be a significant underestimate, given that many governments have not collected official data, or have done so only partially.
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Few people today realize how complex the process of accurate medical billing has become. In 1802, a young French aristocrat named Irénée du Pont de Nemours, who had fled the French Revolution, built a gunpowder mill in northeast Delaware. By World War I, his venture, known as DuPont, had grown so large that it supplied half of the world’s gunpowder and was expanding into bombs and poison gas. sciencefile But it was drawing fire on the home front. In 1934, Congress spent three days grilling DuPont executives about allegations that they had overbilled the military for explosives. The company became a national pariah almost overnight. To salvage both its reputation and its bottom line, it turned to a legendary adman named Bruce … Read the rest