Posted on 07/18/2011 9:33:29 AM PDT by Mr. K
BELTWAY CONFIDENTIAL The CEO of IBM offered the Obama administration a free software program that would have cut Medicare and Medicaid fraud by almost a trillion dollars, but he was turned down – twice.
By Barbara Hollingsworth – Washington Examiner, February 23, 2011
“We could have improved the quality and reduced the cost of the health-care system by $900 billion…I said we would do it for free to prove that it works. They turned us down, “IBM chairman and CEO Samuel Palmisano said during a Sept. 14, 2010 taping of the Wall Street Journal’s Viewpoints program. FOX News confirmed that a second meeting between Palmisano and Obama administration officials yielded the same result: “No thanks!” – even though the proffered “fix” would have eliminated 90 percent of the nation’s health care deficit – and cost taxpayers nothing it didn’t perform as guaranteed.
Yet Medicare/Medicaid fraud is still rampant. According to the Manhattan Institute’s Steven Malanga,”abuses of Medicaid (alone) eat up at least 10 percent of the program’s total cost nationwide — a waste of $30 billion a year. Unscrupulous doctors billing for over 24 hours per day of procedures, phony companies invoicing for phantom services, pharmacists filling prescriptions for dead patients, home health-care companies demanding payment for treating clients actually in the hospital — on and on the rip-offs go.”
Now that Republicans are trying to repeal Obamacare and drastically cut federal spending at the same time, perhaps Palmisano can be persuaded to offer his services again.
Read more at the Washington Examiner: http://washingtonexaminer.com/blogs/beltway-confidential/2011/02/ibm-exec-offers-save-900-billion-health-care-costs-obama-turned-h#ixzz1EncE23Cs
Soros has investments in companies that make a lot of money off that fraud.
That 900-billion is ACORN’s slush fund.
Go to the above link and scroll down for a post that exposes the same type of thing -- software designer develops a program to expose fraud and contract is cancelled. Government does not WANT to expose fraud.
Why would a marxist America hater whose every action is designed to bankrupt this country and make every citizen not in the political class a ward of his all-powerful state want to SAVE “money?”
When Nixon was in office, some of his critics came to him and expressed grave concerns about some of his actions. He replied “Don’t listen to what we say. Watch what we DO.”
Too bad folks aren’t paying attention to Obozo. He’s more dangerous than Nixon by a factor of 10 or more.
That's because government eats, lives and breathes fraud.
Do you have any idea how much money can be laundered, diverted, via medicare? HIPA wasn’t passed for patients ya know..............
That is OUR money, not Obama’s. He should not have the right to spend on his buddies as he pleased.
You’d think there would be an impeachable offense here but our government has been doing this to us for decades.
Why would Obama want to rid anything of fraud? His whole Presidency has been a fraud.
Programs like this could slow down Obama's destruction of the US economy.
Quit foolin’ around with “Bammy’s walkin’ around money....man’s gotta get re-elected SOMEHOW....
Can’t have those welfare cheats not getting their ‘fair share’!
To democrats this is the very propose of goverment, to steal our money from us and spend/wast our money on their own ends/people.
I checked it out. Thanks.
is that true?
we need to get this info to O’Keefe while he is on this story
It would make a nice addendum to it
Especially if this gets the airplay ACORN fraud did
What does it tell us?
They are intentionally keeping everything at it most costly form. They actually are intending to break America’s back!!!
For truth! and we are sitting still for it!!
Sheep ... indeed!
this is beyond belief.
(and worse than Iran contra or Watergate.
this decision is costing billions!)
i hope Mark Levine and Rush pick this up also!
The muslime in chief will not be happy until the USA looks like almost every major city in the USA run by his people.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.