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Preview: The $60 Billion Fraud

September 2, 2010 12:14 PM

Medicare and Medicaid fraudsters are beating taxpayers out of an estimated $90 billion a year - $60 billion of it from Medicare - using a billing scam that is surprisingly easy to execute. Steve Kroft investigates Medicare. Sunday, Sept. 5, 7 p.m. ET/PT.

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by babooph September 9, 2010 12:15 PM EDT
Cops are too busy chasing a bunch of dumb drug addicts as the continue to lose the "war on drugs"filling the costly prisons with "mandatory" sentencing[not so mandatory for Rush though....]
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by Neb7 September 9, 2010 12:14 PM EDT
Like the woman in this video, she got statements summarizing the bill. I get those statements quite a bit. I looked them over and they are legit. I will be sure to look for anything that don't belong. Thanks for sharing this.

I wish Medicare/Medicaid would email those statements to us as an option. There are elderly people who still don't use a computer. I would option in to receive those statements via email. That would save the Govt. money, envelopes, and two papers of statements. Add that savings up.

Ben
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by robepp26 September 9, 2010 12:14 PM EDT
The USA is now an occupied country run by people without a moral code. Note the guy in the video is one of these. Wake up America and take our country back from the money criminals that rule.
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by Ladyinred59 September 5, 2010 10:39 PM EDT
What is this world coming to.... Speechless and angry... People that need real Care are going to end up paying for it.. We need to have Prefer Establishment that have being checked before paying them for services.If you are not do not pay them ... That would solve some of it , but I'm sure they will come up with something else. We have way too many dishonest people around not sure how to restore that either....
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by Moscanoche September 5, 2010 8:37 PM EDT
Concerning the Medicare rip off story, I wonder why the Medicare Department does not require all businesses who bill Medicare to be verified and set up as an approved government vendor? Any company that works with my company must first go through a detailed application process before we do business with them. Set up checks and balances in the set up process for being a Medicare approved business. This will limit the number of fraudulant businesses that are set up a a fly by night operation and provides for an electronic and paper trail.
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by jim7201 September 5, 2010 8:18 PM EDT
Though this report was a rerun, it would have been more honest to lead off with the news that the new health care bill contains significant funds and resources for fighting the fraud outlined in the report. The impression given is that the government is doing nothing about this fraud. Instead, fighting Medicare fraud and cutting unnecessary costs are key components of the bill.

I know this doesn't fit the current thinking that the government can do no good, but the actual news deserved more than the scant attention provided here.
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by quadsmith September 5, 2010 7:13 PM EDT
My son is a Medicaid patient due to a disability. We NEVER get any statements from Medicaid. It seems to me that if they sent statements like an ins co does, alot of fraud could be cut down. I have absolutely no idea who is billing what for my son. This is Medicaid, have no experience w/Medicare
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by MNBantisbanned September 4, 2010 10:54 PM EDT
didnt I see this show awhile ago. It looks familiar
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