Fraud-Laden Medicare and Medicaid

                                           

Medicare fraud is estimated to be well over $60 billion each year. Widespread criminal operations go mostly unchecked because of poor government oversight. It consists of ploys such as using dead doctor reports, fake patients and non-existent treatments. Practises also involve billing for nonexistent or unnecessary services, kickbacks and inflated costs.

                       

The FBI says Medicaid fraud is a $10 billion annual industry. Therefore, how is the government going to undertake a massive ObamaCare plan 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.)