Thursday, May 3, 2012

Medicare and Medicaid Fraud


Medicare fraud is estimated to be about $60 billion each year.

Widespread criminal operations go mostly unchecked because of poor government oversight. Fraud consists of ploys such as using dead doctor reports, fake patients and non-existent treatments.

The FBI says Medicaid fraud is a $10 billion annual industry. Practices involve billing for nonexistent or unnecessary services, kickbacks and inflated costs.

With all this, how is the government going to undertake a massive ObamaCare health insurance plan that will entail one sixth of our entire economy?

Politicians tell you only how this fraud-infested system is going to save money. (See the Earl J Weinreb NewsHole® comments.)

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