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Is Medicare fraud really a meaningful amount compared to how much it pays out? Europeans have had the same issue for decades, you can’t give things away without
by toxik 5y ago
Is Medicare fraud really a meaningful amount compared to how much it pays out? Europeans have had the same issue for decades, you can’t give things away without some grifting. But that’s part of the cost. Usually not a very large one either.
- andrewlgood 5y agoJust a quick looks suggests it is a big issue. Hard to get firm estimates (presumably because we only know about the people who get caught) but one estimate has it at 7% of total expenditures of $700 billion which puts it at around $49 billion / year. https://safeatlast.co/blog/medicare-fraud-statistics/ https://safeatlast.co/blog/medicare-fraud-statistics/
- jatone 5y agowhich is less than the fraud in private insurance industry, which is 10%. https://www.propublica.org/article/we-asked-prosecutors-if-health-insurance-companies-care-about-fraud-they-laughed-at-us https://www.propublica.org/article/we-asked-prosecutors-if-h...