Medicare and Medicaid Fraud

Medicare fraud is estimated to be well over $60 billion each year. Widespread criminal operations go mostly unchecked because of poor government oversight on varying levels. It 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 also involve billing for nonexistent or unnecessary services, kickbacks and inflated costs.

                     

Therefore, how is the government going to undertake massive ObamaCare  that will entail one sixth of our entire economy?

                     

Politicians tell you only how this fraud-infested system saves money. We now know the opposite is true, even without massive fraud. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)