Is Obama’s $500 million crackdown on Medicare fraud doomed to failure? (video)

Reason TV talks with the National Association of Medicaid Directors’ Matt Salo, former director of the Centers for Medicare and Medicaid Services, Thomas Scully, and Reason magazine’s Peter Suderman, who agree that despite recent headlines, there’s little reason to think that Medicare and Medicaid fraud will become a thing of the past.

In February, the Health and Human Services Department announced a record recovery of more than $4 billion. However, as much as three-quarters of this year’s recovery comes from the resolution of a lawsuit for fraud committed during the Clinton administration.

Through the Affordable Care Act and other stimulus monies, President Obama has committed a half-billion dollars to fight Medicare and Medicaid fraud. Strike forces and a computer system that’s modeled on technology used to detect credit card fraud are heralded as the solutions needed to stop the fraud. But, is it working?

Medicare fraud is thought to be the biggest scam in America. At a staggering $100 billion a year upper end estimate), Medicare fraud is bigger than the illegal drug business and makes the sum total of credit card fraud look like petty theft. The annual amount of Medicare fraud is more than the annual spending for health care under ObamaCare.

Leave a Comment

Your email address will not be published. Required fields are marked *