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Just WHAT is being done about this Medicare Fraud…

With the FRAUD financial figures that 60 minutes exposed, one can see WHY the health care system is struggling. People have been reporting these billing discrepancies for years now and no one makes any attempt to get to the bottom of the problem. Although I do believe that the health insurance companies have taken serious advantage of the American people, my point is, we need to expose and put a stop to those involved in the fraud going on.

Here is a comment that was forwarded to me:

Annual Medicare Fraud: $60 Billion;
Annual Profits of Top Ten Insurance Companies: $8 billion
As 60 Minutes reported last week, Medicare fraud is rampant and has now replaced the cocaine (ahem) business as the major criminal activity in South Florida. Both 60 Minutes and the Washington Post report that Medicare fraud now costs American taxpayers roughly $60 billion a year. That may sound like a lot of money, but surely it pales next to the extraordinary profits of private insurance companies, right?
Well, let’s see…. Last year, the profits of the ten largest insurance companies in America were just over $8 billion — combined. No single insurance company made even five percent of what Medicare reportedly loses in fraud.

While we’re making comparisons, in its real first ten years (2014-23), the Senate Finance Committee bill would cost $1.7 trillion. At the rate of last year’s profits, the combined ten-year profits of America’s ten largest insurance companies would be $83 billion — five percent of the costs of the Senate Finance Committee bill. Eighty-three billion dollars may not buy you much in comparison with BaucusCare, but — on the bright side — that ten-year tally is somewhat more than what Medicare loses each year in fraud.

So, the next time someone alleges that government-run health care is cheaper because of “lower administrative costs” — a truly preposterous claim on its surface — these numbers would be good ones to have at the ready: $60 billion in annual Medicare fraud, $8 billion in combined annual profits for America’s ten largest insurance companies.

Posted by Jeffrey H. Anderson on October 31, 2009 05:15 PM | Permalink

Matthew 10:32…
‘Whoever acknowledges Me before men,
I will acknowledge him
Before My Father in heaven.
But whoever disowns Me before men,
I will disown him
Before My Father in heaven.’

Independence Day Quiz

Toast.net

Public health option – 2%… So what’s behind all the “noise”…

“…public option would cover few…

MSNBC.com

Estimate: Public health option would cover few
Government health plan would cover two percent, congressional office says
The Associated Press
updated 3:15 p.m. CT, Sat., Oct . 31, 2009

WASHINGTON – What’s all the fuss about?
Who’s likely to sign up?…

Copyright 2009 The Associated Press. All rights reserved…

URL: http://www.msnbc.msn.com/id/33564275/ns/politics-health_care_reform…

© 2009 MSNBC.com

Congress – Ethics Investigations

MSNBC.com

Ethics investigators probe dozens in Congress
Confidential document was found on publicly accessible computer network
By Ellen Nakashima and Paul Kane
The Washington Post
updated 4:07 a.m. CT, Fri., Oct . 30, 2009

WASHINGTON – House ethics investigators have been scrutinizing the activities of more than 30 lawmakers and several aides in inquiries about issues including defense lobbying and corporate influence peddling, according to a confidential House ethics committee report prepared in July…

Leo Wise, chief counsel for the Office of Congressional Ethics, declined to comment, citing office policy against confirming or denying the existence of investigations. A Justice Department spokeswoman also declined to comment, citing a similar policy.

Staff writers Carol D. Leonnig and Joby Warrick and staff researcher Julie Tate contributed to this report.

© 2009 The Washington Post Company

URL: http://www.msnbc.msn.com/id/33546194/ns/politics-washington_post/

MSN Privacy . Legal
© 2009 MSNBC.com

Health Care Reform – Is this the final draft?

House Democrats’ insurance overhaul

The 1,990-page bill unveiled by House Speaker Nancy Pelosi Thursday would transform the way Americans’ medical care is paid for. The bill:
— Has not yet been “scored” or given a cost estimate by the Congressional Budget Office, so its cost is still unknown.
— Imposes a 5.4 percent tax on income over $500,000 for a single person or $1 million, for couples filing joint tax returns.
— Imposes a 2.5 percent tax on wholesale sales of medical devices, but exempts retail sales.
— Expands the Medicaid program to those with incomes up to 150 percent of the federal poverty line, or $33,075 for a family for four, expanding eligibility far beyond many states’ current levels.
— Subsidizes coverage for families with incomes up to 400 percent of the federal poverty level, or about $88,200 for a family of four.
— Sets up a public insurance option, funded by $2 billion in federal start-up money and then paid for with enrollee premium payments. Opens the public option only to people not enrolled in employer-sponsored insurance, Medicare, or Medicaid.
— Requires some employers who do not offer insurance coverage to their workers to pay a penalty equal to 8 percent of their payroll costs. Exempts firms with annual payrolls below $500,000.
— Requires individuals to either obtain insurance coverage or pay a fee equal to 2.5 percent of their adjusted income above the income tax filing threshold, or the average cost of insurance coverage.
— Sets up a $10 billion reinsurance program for insurance plans which cover early retirees (those between ages 55 and 65).

Source: House Rules Committee.

Chase, JP Morgan, Bank of America, Citi Bank, and the list goes on …
the list includes banks that used taxpayer’s bailout money – Now, they are raising their rates 20% and higher. It doesn’t matter if you have made your credit card payments on time – in the majority of cases, the card holders have done nothing wrong.

Nice slap in the face…

Blacklist them, spread the word, get rid of those cards as soon as possible. Don’t go back to them. There are others to be found that

won’t

use, steal and cheat the American people. Sure it will take some time, but one by one; in the end those in question will be regretting their actions.

” Families are like fudge…mostly sweet, with a few nuts”

US Health Care – Just a tip of the iceberg, now unraveling…

WHO is STEALING Billions from Health System
CBS News – 60 Minutes – Health Care and Fraud

Ohio Case Study – 15 Million Saved in one year.

Another health care concern: Dental Care Without Insurance – Next to Non-Existant

HEALTH CARE wastes up to $850 BILLION per year

MSNBC.com

Health care wastes up to $850 billion a year
Proposed reforms could be paid for by fixing inefficiencies, report claims
Reuters

URL: http://www.msnbc.msn.com/id/33480141/ns/health-health_care/

MSN Privacy . Legal
© 2009 MSNBC.com