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Merrill Matthews: Medicare And Medicaid Fraud Is Costing Taxpayers Billions June 1, 2012

When President Obama pushed through his health care bill, he cut more than $500 billion (over 10 years) in future Medicare spending in order to claim the bill was “paid for.” A better option would have been to aggressively target Medicare and Medicaid fraud, which could have provided the same amount of savings, and possibly more.

Barely a day goes by without a major news story highlighting some new Medicare or Medicaid scam that has bilked the government — that is, taxpayers — out of millions of dollars.

Though most of the reports involve only a few people and scamming under $10 million, that’s chump change when compared to some of the bigger busts.

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