4 ms·
Medicare spends around $1T/year and the fraud estimates are $60B-90/year. If medicare is representative, fraud is 5-10% of total spend. https://www.aging.sena
by anamax 2y ago
Medicare spends around $1T/year and the fraud estimates are $60B-90/year.
If medicare is representative, fraud is 5-10% of total spend.
https://www.aging.senate.gov/press-releases/lawmakers-join-all-out-push-to-combat-medicare-fraud https://www.aging.senate.gov/press-releases/lawmakers-join-a...
- dragonwriter 2y agoThe other big national health program, Medicaid, is pretty similar scale and pretty similar proportion of fraud.
- onlyrealcuzzo 2y agoEstimates for France, the UK, and Canada are around ~6%. Fraud is inevitable.
- Suppafly 2y agoHonestly I'd assume medicare fraud might not be representative. It's kinda big risk/ big reward because the govt has the power to imprison you, but other insurance companies would just stop dealing with you if you rip them off enough and still sue you to get their money back.