Govt: Medicare paid $47 billion in suspect claims

To put this in perspective. Say there are 200 million people in the US. Assuming everyone is taxed equally. 47 billion / 200 million...

That's about $155 of your money funding these claims.

Would be more if you filter out the people who don't contribute to the payroll taxes.

I forget to change the US population to 300 million. But I used 300 million in my calculation.

Even if every single one of those items in that forty seven billion dollars that have been classified as possibly improper and/or fraudulent do turn out to be totally improper and/or fraudulent, still that total of forty seven billion dollars would "ONLY" be about ten percent of the total of four thundred forty billion dollars in Medicare expenditures.

In other words, what is wrong with these guys? I mean any government program that has any respect for itself should be aiming for an absolute minimum of at least ninety percent of its expenditures being used to support fraud, nonsense, extreme inefficiency, and intentionally wasting money.

10% is almost 5x more than the average company makes in profit per year.

I think i heard a private insurance company only makes a 2% profit per year.

What a wonderful example of our Govt. in action. I have to wonder why I pay so much tax.

NORTHIDAHO wrote:

What a wonderful example of our Govt. in action. I have to wonder why I pay so much tax.

And now they will run the entire health care system!! Bad news!