The U.S. spends $800 billion a year on Medicare and Medicaid, $60 billion of which is estimated to be lost to fraud, notes the WSJ.
If this is true, then our government is letting us down. They are simply not doing their jobs.
Ask yourself, would you continue doing business with a bank that lost 10 percent of your money? Would you shop at a store that when you check out, charges you 10 percent more than you spent?
"We estimate that for every $1 we spend to stop fraud in the system, we save $1.55," said Kathleen Sebelius "The President`s budget lays out funding for anti-fraudObama and many other politicians have said that some of the short fall that occur when funding health care reforms will come from the stopping of Medicare fraud and abuses. Much money could be saved if the abuses were stopped.
efforts over five years that we estimate could save $2.7 billion by improving overall oversight and stopping fraud and abuse within the Medicare Advantage and
Medicare prescription drug programs."
This is nonsense, if you cannot stop the abuse before we have a signed bill, how can you stop the abuse once we have a signed bill? This is so typical of the government. They will tell something that they will do. But they do not know how they will do it, and when you ask them they cannot tell you how they will do it.
Its seems clear, either the government/Medicare are totally incompetent and do not know how to stop the Medicare fraud or they do not care. Either way we are not getting what we paid for.
The government needs to stop Medicare abuses, or at least do a better job. We have the Obama czars, an Attorney General,dozen and dozens of White House lawyers, and other resources. People are breaking laws when they commit fraud and corruption. This is reason enough to stop Medicare abuses and fraud.
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