It may be the biggest long-running scam in America. Medicare and Medicaid fraud – estimated at somewhere between $60 billion to well over $100 billion a year – makes credit card fraud look like petty theft. Even the illegal drug business takes in less than the crime of scamming the government out of health care dollars intended for the poor and the elderly. Indeed, the annual amount of fraud dwarves the amount of new yearly spending on health care under the Affordable Care Act (ACA), a.k.a. Obamacare.
Between the ACA and stimulus money, President Barack Obama has committed a half-billion dollars to fighting fraud. New tools, such as strike forces and a computer system that's modeled on technology used in the private sector, promise to stop fraud in its tracks.
In February, the Health and Human Services Department announced a record recovery of more than $4 billion. But three-quarters of this year's record recovery stems from the resolution of a lawsuit that began a decade ago, for fraud first committed during the Clinton administration.
Will the Obama adminstration's new efforts finally put a stop to America's biggest crime? Or will the feds – who have dedicated and rededicated themselves to stopping such fraud for more than 40 years – fail yet again?
Reason TV talks with Matt Salo, Thomas Scully, and Reason magazine's Peter Suderman, who agree that despite recent headlines, there's little reason to think that Medicare and Medicaid fraud will become a thing of the past.
About 6 minutes.
Produced by Todd Krainin. Camera by Meredith Bragg, Josh Swain, and Krainin. Narrated by Nick Gillespie.
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Or we could stop spending so much on military.
Wouldn’t be enough. You could fire the whole military and it wouldn’t put a
dent in all the medicare/medicaid promises that have been made. The best
part is even if you did cut military, all those people laid off would then
get huge gold plated pensions they’ve been promised so you wouldn’t even
save all that much. Quite the deep grave the politicos have dug themselves
isn’t it?
If we put our military money into medical research we could cure a rainy
day.
You do know that the US Federal Govt itself spends just as much on
medicare, medicaid and HHS as it does on the entire defense budget, right?
Add in state programs and you easily surpass this. And this was when baby
boomers had not retired and become eligible for medicare. When they do, the
medicare would need 5 times as much money as defense industries take.
Already medical research is made artificially expensive thanks to the FDA.
Keep spending more though. Impoverishment of all is the goal.
And you do know that money comes from a bank account we have already paid
into, right? The money the gov pays is on interest to loans they have made
against medicare’s money. We paid for medicare, we are entitled to it. We
haven’t paid into the military and we aren’t entitled to it. We aren’t
entitled to illegal wars and cold war weapons we don’t need.
“we have already paid into, right? ” Nope. No such bank account exists.
“The money the gov pays is on interest to loans they have made against
medicare’s money.” Wrong again. “We paid for medicare, we are entitled to
it” Nope. You didn’t pay, you were willfully robbed and you justified the
robbery of others due to your greed for other people’s money. “We aren’t
entitled to illegal wars and cold war weapons we don’t need. ” True. Wars
should have been avoided but you people didn’t avoid them.
I didn’t vote for those wars and I would pull the troops out and close all
the bases in a heartbeat.
And you think how you vote matters? LOL! If you do, then there were bunch
of people who voted against every healthcare regulation. You didn’t respect
their votes. You still don’t respect the minority votes and impose
consequences of your bad decisions on them. That the cards were flipped on
you when it came to war doesn’t earn you any escape from blame. You played
the game… now you will suffer the consequences. There is absolutely
nothing that can make your greedy dreams come true.
BTW, the collapse of the system is inevitable, but it is not all bad news.
If you survive beyond the system’s collapse and opening up (try to be as
healthy as possible and be prepared to work)… you will actually get
really good quality healthcare for real cheap, if people learn their lesson
and finally allow a completely free market in healthcare to come about. The
more the collapse is delayed, the worse off everyone will be.
A free market for health care could only work in very large cities. Just as
airports only work in very large cities.
Yeah, because in a smaller village you need rape and robbery to make things
happen. Airports work everywhere btw.
Really? I can go to a small town and book a flight to Japan, non-stop?
Really? I didn’t know that! Tard.
Only if you rape and murder.
Gold is far more stable, when you stop being an idiot and realize that you
are pricing it in the dollar.
Lets see you support that.
How much was gold going for 10 years ago? How much is going for today? What
did you just describe it’s price in? That’s right the dollar. Your
measuring tool is a variable, but you are in denial of it.
There are people supporting children on $10 per hour and no benefits and
being denied Medicaid. I see two groups — those poor whose families have
never been on Medicaid and need it and can’t get it, and then there are
generations of families who have historically never worked and have for
decades lived off of every government assistance they could swindle and
felt entitled to it. The parasitic group is disgusting, and the U.S
government is wrong to enable them.
The whole system is FRAUD, every hospital and doctor commits fraud.
Hospital bills are secret the taxpayer can’t get at them to show the
schmucks where the fraud starts.
what noone is getting is this;poor people trying to get more than they have
coming,GO FIGURE???? but not one cent of fraud can happen without,get
this,THE FUCKING DOCTORS FRAUD IN THE FIRST PLACE.SO,THIS TURD WHO HAS
EVERYTHINGA,SETS UP POOR PEOPLE WITH NOTHING.guess who goes to jail,and who
goes to the hamptons?
There is VERY LITTLE actual fraud in Medicare & Medicaid.However,the way
that these programs are run…LOW reinbursement & access to decent care
needs to be addressed.You could ERASE all of the waste,fraud & abuse of
Medicaid/Medicare dollars……but people on those programs STILL can’t see
a doctor.Reimbursement with these programs needs to change.Otherwise,you
will still see TOOTHLESS Medicaid recipients because the program doesn’t
cover root canal treatment or crowns in the back of the mouth.