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Insurers Bilk Medicare for $50 Billion to Treat Fictitious Illnesses

pedro47

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These bad guys needs to serve time in a jail and not in some college campus prison.. IMHO.
 
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Sandy VDH

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...and we wonder why every government program is going to go bankrupt.
 

jp10558

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It also puts the lie to privatized things just "magically" being cheaper. No, government contracts are also regularly bilked by the companies. Though I've also seen that be driven by really stupid government requirements that the consultants are telling them will waste time, generate billable hours, or just not something that can be done with current info and yet - the agencies will still really want a powerpoint based on nothing (cause the agency won't give data to make the slides) or want to do logically "insane" things.

The real problem is there are lazy, corrupt, incompetent, etc people in both government and private industry because it's a human issue. Some of the other systems are just crazy too - like grant driven projects, or really any budget things. Where the idea is - if you saved money this year, we'll lower your budget next year. So you always have to burn 100% of the budget to get it to stay the same or increase next year - so no project or agency can do "intelligent" things like save for a major upgrade, or plan for inflation, or reasonably defer a project a year to get a larger bulk discount on an order or contract etc...

Then there's issues where you have to do an RFP for something based on dollar amount, but they never adjust for inflation (guess what, some laptops are now $5,000 instead of $3,000 pre COVID due to inflation - but does it make sense to capitalize them now?) so you end up doing tricks to limit insane levels of extra paperwork.
 
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The IRS and Medicare/Social Security will get their money, no matter what. When Rick Scott ran HCA hospitals, they bilked Medicare for BILLIONS of dollars. The government sued and got back at least a billion dollars. RS was fired but he was given a $300 million severance package, went on to serve as governor of Florida, and now is a senator for the state in Congress. Also this week, the IRS was able to get over a billion dollars from the richest Americans as they were cheating or dragging their feet on paying their taxes.

Fraud is not what is costing Medicare money, it is our overpriced healthcare system and WAY overpriced prescription drugs. No wonder people are going to Canada to get the same great healthcare pennies-on-the-dollar.

TS
 
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