Next time someone decries insurance company profits, remind him that fraud and waste in and far exceed these dollar amounts. Check out Jeffrey Anderson’s article in the Weekly Standard: Medicare Loses Nearly Four Times as Much Money as Health Insurers Make.
- Medicare & Medicaid fraud far exceeds insurance company profits
- Colorado Medicaid errors far exceed commercial insurers’
- Colorado SB 12-060 – Improve Medicaid fraud prosecution
- Administrative costs: whose are lower?