Medicaid and Medicare Fraud: A Drain on US Healthcare
As I have previously noted on this site, notably absent from the public debate on tort reform are three major issues:
- The very significant money that malpractice claims recoup annually for US taxpayers for Medicare and Medicaid subrogation liens.
- That profit-driven decisions by the nursing home industry effectively transfer extraordinary costs attendant to the harm they cause to US taxpayers and non-profit hospitals...and
- The significant cost of Medicare and Medicaid fraud borne by US taxpayers.
Here is a fascinating study by commissioned by The George Washington University, my alma mater, which estimates fraud as costing US taxpayers at least $68 Billion dollars ANNUALLY. The site points to the collection of only $3.6 billion in recoveries for fraud claims. The nonsensical barbs aimed at consumers should be pointed toward the large corporations which are draining our system and harming patients.
