CNSNEWS.COM reports on $70 billion in fraudulent payments under Medicare and Medicaid in article titled Medicare and Medicaid Made $70 Billion in ‘Improper Payments’ Last Year—More Than All Spending by Homeland Security and State Departments Combined
Here are some highlights:
"The Center for Medicare and Medicaid Services—the federal health-care agency that is a key bureaucracy in implementing Obamacare—made at least $70.5 billion in “improper payments” last year.
These improper federal health-care payments amounted to more than the combined total of $68.3 billion spent by the entire Homeland Security and the State departments last year, which spent $44.5 billion and $23.8 billion respectively according to the White House Office of Management and Budget.
Medicare made at least $48 billion in improper payments in fiscal 2010 and Medicaid made $22.5 billion, according to written testimony on "Medicare and Medicaid Fraud, Waste and Abuse" presented to the Senate Subcommittee on Federal Financial Management by Kathleen King, director of health care for the Government Accountability Office...."
And to think we want to add ObamaCare to this. Unbelievable... See Video: Why responsible Americans need to elect a new responsible President in 2012?
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