http://healthcare-economist.com/2006/08/21/medicare-fraud-630-million/ An unbiased look at today's health care issues Tue, 06 Jan 2009 05:22:27 +0000 http://wordpress.org/?v=2.7 hourly 1 http://healthcare-economist.com/2006/08/21/medicare-fraud-630-million/comment-page-1/#comment-459 INSTAHEALTH Politics » Archive » $630 Million In Medicaid Fraud & The ‘2% Myth’ Fri, 25 Aug 2006 20:05:11 +0000 http://healthcare-economist.com/2006/08/21/medicare-fraud-630-million/#comment-459 [...] Healthcare Economist has an interesting piece on Medicaid fraud. Apparently one NJ healthcare system alone stole $630 million from its state’s Medicaid program from 1995 to 2003. A lot of single-payer sycophants like progressive bloggers Ezra Klein and Matthew Holt love to tout the ‘2% Myth’ - that socialized health insurance programs would be obviously better than a system of private insurers because Medicare keeps it’s administrative costs at 2% while private insurers are closer to 15%. But it’s a myth because it doesn’t count the fact that public programs like Medicare and Medicaid go wildly fraudulent in the effort to keep down administrative costs. Fraud and abuse in public insurance programs total billions and billions of dollars a year and, when factored into the ‘2% Myth’, they make socialized, single-payer systems seem less desirable than supporters would have us believe. [...] [...] Healthcare Economist has an interesting piece on Medicaid fraud. Apparently one NJ healthcare system alone stole $630 million from its state’s Medicaid program from 1995 to 2003. A lot of single-payer sycophants like progressive bloggers Ezra Klein and Matthew Holt love to tout the ‘2% Myth’ - that socialized health insurance programs would be obviously better than a system of private insurers because Medicare keeps it’s administrative costs at 2% while private insurers are closer to 15%. But it’s a myth because it doesn’t count the fact that public programs like Medicare and Medicaid go wildly fraudulent in the effort to keep down administrative costs. Fraud and abuse in public insurance programs total billions and billions of dollars a year and, when factored into the ‘2% Myth’, they make socialized, single-payer systems seem less desirable than supporters would have us believe. [...]

]]> http://healthcare-economist.com/2006/08/21/medicare-fraud-630-million/comment-page-1/#comment-435 Andrew J. Campanelli Tue, 22 Aug 2006 14:58:18 +0000 http://healthcare-economist.com/2006/08/21/medicare-fraud-630-million/#comment-435 The good news is that anyone can take action to expose this type of fraud and receive monetary rewards for doing so. Under federal law, if someone knows that a medical provider is committing medicare or medicaid fraud, they can file a claim to recover triple the amount defrauded, and the typically get to keep 15% to 30% of the monies recovered as a reward. You can learn how, and read about every major case for the past 20 years, at www.FederalFraud.com The good news is that anyone can take action to expose this type of fraud and receive monetary rewards for doing so. Under federal law, if someone knows that a medical provider is committing medicare or medicaid fraud, they can file a claim to recover triple the amount defrauded, and the typically get to keep 15% to 30% of the monies recovered as a reward. You can learn how, and read about every major case for the past 20 years, at http://www.FederalFraud.com

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