Medicare & Medicaid fraud far exceeds insurance company profits

Friday, October 30th, 2009

A wonderful post by John Goodman: Competition from a “Public Plan”: What to Expect 60 Minutes: Medicare fraud is $60 billion a year YouTube versions w/o commercials: Part 1, Part 2. GAO: Medicaid fraud was $33 billion in 2007 alone [page 32] Fortune Magazine: The top 14 insurers earned $8.6 billion last year These figures per ...

Medicare’s low payments … Boulder hospital closes

Monday, February 9th, 2009

The Daily Camera published my comments on this on Saturday print edition: If "Medicare for all" gives you that intoxicating "government as nurturing parent" feeling, think again. The Camera reported that "thousands of patients" ... "will have to find new doctors" because Boulder Community Internal Medicine is closing -- in part ...

More Medicare fraud

Wednesday, August 27th, 2008

From last week's New York Times: Medicare’s top officials said in 2006 that they had reduced the number of fraudulent and improper claims paid by the agency, keeping billions of dollars out of the hands of people trying to game the system. But according to a confidential draft of a federal inspector ...

“Medicare has lower administrative costs”

Wednesday, August 13th, 2008

I often hear this from people who defeind confiscating taxpayer's money without their consent to pay for a government run insurance program for the elderly.  They use this argument to justify wanting "Medicare for all."  How does a defender of individual respond?  Here's a way: "If government employees can keep administrative ...