What the media blare:
What I hear:
Drip . . . . . . . . . . drip . . . . . . . . . . . . .
Why? As the latter article notes, “authorities have targeted fraud that’s believed to cost the government between $60 billion and $90 billion each year.” So add up those two figures, which include frauds that occurred in multiple years, and you get somewhere between 1.1 percent and 1.6 percent of the amount that Medicare and Medicaid enable criminals to steal from taxpayers in a single year.
Neither article makes it clear how paltry these anti-fraud efforts are. But at least the former article asks:
So what is it about the government’s health care programs that make them such inviting targets for white collar criminals?
I answer that question here, and in this video:
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for September 3rd, 2014 | John Ransom
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for September 1st, 2014 | John Ransom