FACT – Medicare fraud costs taxpayers roughly $60 billion a year. FACT – The government pays tens of million dollars annually to contractors to detect Medicare fraud. FACT – Whatever the health officials are doing in an attempt to stop Medicare fraud is not enough. Attempts to Stop Medicare Fraud A report, not yet issued
I’m sure you’ve already heard. In response to the ‘debt deal’ passed in August a ‘super committee’ has been formed whose mission is to cut costs and thus reduce the deficit. In the cross hairs are Medicare and Medicaid. No doubt about it, the nation’s debt is sky high, and cuts need to be made.
Finally. Yes, finally, the government has acknowledged its limitations and turned to the private sector to help it address escalating Medicare costs. Currently $2.2 trillion is spent on healthcare, and it is estimated that $100 billion is lost in waste and fraud within the Medicare system. Ouch. With considerable help from several very big (small)
REBECCA S BUSCH