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Medicare, the $250 billion scam

August McCarthy

President Obama giving a speech about health care at George Mason

August McCarthy, Editorials Editor
March 23, 2010
Filed under Editorials

Drop your opinions about Pelosicare or Obamacare and pick up this one; stop the $250 billion scam of Medicare. It has become the easiest and most profitable scam that any criminal would die to be a part of.

The scheme is simple. Create a fake business, fill out a phony form, send the bill to Medicare, and collect the money. And before the government double checks to see who is billing them, they pay the bill. Audits to validate each company are too infrequent to discourage even the least motivated crook. Not enough money has been spent in the past to investigate all of the false claims to do the government any good, resulting in enormous amounts of lost money.

The false bills range from electric wheelchairs to artificial limbs, and any other medical supply that one of the 46 million elderly and disabled Medicare-covered citizens might need from the government insurance health program. All anyone needs to make a false claim is a recipient’s name, social security number, date of birth and address: all of which can easily be found with minimal effort and the right resources. “Its been pretty easy. I think that they have found a way in which they have been able to get pretty substantial amounts of money with not a huge amount of effort. And at least until now without the posbilty of a great detection, with much fewer risks,” said U.S. Attorney General Eric Holder during a 60 Minutes interview.

With the government focused on how much money they should dish out for new health care coverage, a new approach should be taken on how to prevent the loss of billions from being taken right out from under their feet.

Comments

2 Responses to “Medicare, the $250 billion scam”

  1. Stephan Brown Says:

    Great article August!

    Jack

    [Reply]

  2. Lucy Basler Says:

    August, you are speaking with clarity of mind. What you wrote does not surprise me as Medicare fraud has been rampent for years, we’re told. What I would ask from you, with your clear thought and unblemished preconceptions, August, is a solution.

    [Reply]

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