Skip to comments.Thatís where the money is (Health-care fraud in America)
Posted on 06/05/2014 8:14:48 PM PDT by Lorianne
How to hand over $272 billion a year to criminals
In America the scale of medical embezzlement is extraordinary. According to Donald Berwick, the ex-boss of Medicare and Medicaid (the public health schemes for the old and poor), America lost between $82 billion and $272 billion in 2011 to medical fraud and abuse (see article). The higher figure is 10% of medical spending and a whopping 1.7% of GDPas if robbers had made off with the entire output of Tennessee or nearly twice the budget of Britains National Health Service (NHS).
Crooks love American health care for two reasons. First, as Willie Sutton said of banks, its where the money isno other country spends nearly as much on pills and procedures. Second, unlike a bank, it is barely guarded.
Some scams are simple. Patients claim benefits to which they are not entitled; suppliers charge Medicaid for non-existent services. One doctor was recently accused of fraudulently billing for 1,000 powered wheelchairs, for example. Fancier schemes involve syndicates of health workers and patients. Scammers scour nursing homes for old people willing, for a few hundred dollars, to let pharmacists supply their pills but bill Medicare for much costlier ones. Criminal gangs are switching from cocaine to prescription drugsthe rewards are as juicy, but with less risk of being shot or arrested. One clinic in New York allegedly wrote bogus prescriptions for more than 5m painkillers, which were then sold on the street for $30-90 each. Identity thieves have realised that medical records are more valuable than credit-card numbers. Steal a credit card and the victim quickly notices; photocopy a Medicare card and you can bill Uncle Sam for ages, undetected.
(Excerpt) Read more at economist.com ...
Wait until they control all of health care.
“If you think healthcare is expensive now, wait until it is free” P.J. O’Rourke.
Socialized A.C.A medicine unaffordable, unaccountable, uncaring, unsustainable.
BIG GOVERNMENT IS CRONY SOCIALISM
Socialism Is Legal Plunder - Bastiat
Social Security Liability 17,000,000,000,000 +
Prescription Drug Liability 22,000,000,000,000 +
Medicare Liability 89,000,000,000,000 +
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