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
RNC Tax Attack Goes Too Far | FactCheck.org
Read The FACTS Here
FALSE Facts on Video commercial – Read the FACTS at FactCheck
The Republican National Committee’s NEW commercial goes too far with their Tax Attack
Beheaded in Hiram, Ohio
Recently acquired from an Ohio farm, the statue of former President James Garfield, a recent addition to an Ohio college, was beheaded. There have been no updates of any leads in the investigation.
The Ohio college looks forward to the recovery of the 95 year old statue so it can be restored. It was reported that James Garfield was a native of Ohio and later, principal of Hiram College. President James Garfield was elected President in 1880: The nation’s 20th President.
Library of Congress Police or Capitol Police
By Ed O’Keefe
Washington Post Staff Writer
Friday, June 5, 2009
Sen. Charles E. Grassley (R-Iowa) charged yesterday that top officials at the Library of Congress have interfered with investigations conducted by its independent watchdogs and have frequently admonished investigators for the tone and focus of their investigations.
The Madoff Affair Video
How He Got Away With It For So Long…
Save Our Kids in America
“…National Human Trafficking…. i didnt get the whole name it was taken off the screen too fast, but i did get the phone number first: 888 373 7888. Or call your congressmen to ask what they are doing about it.“
Childcare outsourcing Video
Report: Many U.S. Parents Outsourcing Child Care Overseas | The Onion – America’s Finest News Source
Sending Child Overseas in a BOX for daycare!
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