- May 20, 2009
- 144,599
- 67,062
- 2,330
Anyone know what the rate of private insurance fraud is?
LOL
Good point.
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Anyone know what the rate of private insurance fraud is?
So let's start a nationwide healthcare system since we are running out of money just for senior citizens. Note they borrowed money last year to "reduce" the deficit in Medicare.
Only the government thinks borrowing money reduces debt.
Medicare funding runs short by 2024, trustees say - Apr. 23, 2012
So let's start a nationwide healthcare system since we are running out of money just for senior citizens. Note they borrowed money last year to "reduce" the deficit in Medicare.
Only the government thinks borrowing money reduces debt.
Medicare funding runs short by 2024, trustees say - Apr. 23, 2012
It was designed to go broke and pull America down with it
Frank you are a right wing political parrot that cannot see the big picture. You only see the surface not what lies under it.
Medicare vouchers makes it virtually impossible for medical providers to be prosecuted for medicare fraud
Or "Overbilling" which is what the providers cronies in congress refer to it as.
I heard the left and right complain about fraud for years. Maybe its time to actually do something about it?
Frank you are a right wing political parrot that cannot see the big picture. You only see the surface not what lies under it.
Medicare vouchers makes it virtually impossible for medical providers to be prosecuted for medicare fraud
Or "Overbilling" which is what the providers cronies in congress refer to it as.
I see a program designed to fail and it well on its way to reaching its goal.
It was designed to go broke and pull America down with it
So true and as Donald Trump puts his spin on it, it really brings the reality home.
Let me get this straight . . .
We're going to be "gifted" with a health care
plan we are forced to purchase and
fined if we don't,
Which purportedly covers at least
ten million more people,
without adding a single new doctor,
but provides for 16,000 new IRS agents,
written by a committee whose chairman
says he doesn't understand it,
passed by a Congress that didn't read it but
exempted themselves from it,
and signed by a Dumbo President who smokes,
with funding administered by a treasury chief who
didn't pay his taxes,
for which we'll be taxed for four years before any
benefits take effect,
by a government which has
already bankrupted Social Security and Medicare,
all to be overseen by a surgeon general
who is obese,
andfinanced by a country that's broke!!!!!
'What the hell could possibly go wrong?'
TRUMP: We're going to be "gifted" with a health care plan we are forced to purchase and fined if we don't - feralpuppies's Blog - Blogster
I heard the left and right complain about fraud for years. Maybe its time to actually do something about it?
Anyone know what the rate of private insurance fraud is?
WASHINGTONFraud is just as prevalent in the private health insurance industry as it is with public insurance, according to a report by the George Washington University School of Public Health and Health Services, Department of Health Policy.
The report found that some of the most striking examples of fraud come from fraud committed directly by the private insurance industry itself. In 2007, the United States spent nearly $2.3 trillion on healthcare and public and private insurers processed more than 4 billion health insurance claims. That year, fraud was estimated to reach as much as 10 percent of annual health care spending.
I heard the left and right complain about fraud for years. Maybe its time to actually do something about it?
They are. Congress put significant new anti-fraud tools on the books in 2010 (now being implemented: "Medicare, Medicaid Anti-fraud Provisions Set to Expand").
On the executive branch side, the Medicare Fraud Strike Force has been going gangbusters for the last few years, making some of the the largest Medicare fraud busts. For instance, one in 2010 taking down a $251 million operation and another in 2011 for $295 million in fraud.
Anyone know what the rate of private insurance fraud is?
Comparable to the rate for public payers (which are, after all, generally administered by private contractors):
WASHINGTONFraud is just as prevalent in the private health insurance industry as it is with public insurance, according to a report by the George Washington University School of Public Health and Health Services, Department of Health Policy.
The report found that some of the most striking examples of fraud come from fraud committed directly by the private insurance industry itself. In 2007, the United States spent nearly $2.3 trillion on healthcare and public and private insurers processed more than 4 billion health insurance claims. That year, fraud was estimated to reach as much as 10 percent of annual health care spending.
I heard the left and right complain about fraud for years. Maybe its time to actually do something about it?
They are. Congress put significant new anti-fraud tools on the books in 2010 (now being implemented: "Medicare, Medicaid Anti-fraud Provisions Set to Expand").
On the executive branch side, the Medicare Fraud Strike Force has been going gangbusters for the last few years, making some of the the largest Medicare fraud busts. For instance, one in 2010 taking down a $251 million operation and another in 2011 for $295 million in fraud.
Comparable to the rate for public payers (which are, after all, generally administered by private contractors):
WASHINGTONFraud is just as prevalent in the private health insurance industry as it is with public insurance, according to a report by the George Washington University School of Public Health and Health Services, Department of Health Policy.
The report found that some of the most striking examples of fraud come from fraud committed directly by the private insurance industry itself. In 2007, the United States spent nearly $2.3 trillion on healthcare and public and private insurers processed more than 4 billion health insurance claims. That year, fraud was estimated to reach as much as 10 percent of annual health care spending.
Uh, ahem, doctors, hospitals and everyone else billing Medicare WOULD BE THE PRIVATE INSURANCE INDUSTRY.
Comparable to the rate for public payers (which are, after all, generally administered by private contractors):
WASHINGTON—Fraud is just as prevalent in the private health insurance industry as it is with public insurance, according to a report by the George Washington University School of Public Health and Health Services, Department of Health Policy.
The report found that some of the most striking examples of fraud come from fraud committed directly by the private insurance industry itself. In 2007, the United States spent nearly $2.3 trillion on healthcare and public and private insurers processed more than 4 billion health insurance claims. That year, fraud was estimated to reach as much as 10 percent of annual health care spending.
I'm convinced that Medicare can be expanded to include preventative care for all citizens and in doing so we can begin to repair our economy. It's all a matter of priorities.
Bring the troops home:
Let China and Japan police the Korean Peninsula;
Let Germany, France and England police Europe;
Let the middle east solve their own problems or continue to kill each other;
Let the Taliban murder their own citizens;
And bring our troops home and provide them with jobs to:
Repair our roads and bridges, expand light and heavy passenger rail - within urban centers and between urban centers - protect our borders, replace the electrical grid; build flood control canals & create water transportation and recreational waterways and prosecute and imprison white collar criminals (i.e. pols, doctors, lawyers and government contractors).
10% is HALF the rate mentioned for Medicare. Hardly comparable in the sense you meant it.
In 2010, the Centers for Medicare & Medicaid Services (CMS) reported Medicare improper payments totaling $47.9 billion. Of that total, $34.3 billion is attributable to Medicare Fee-for-Service (10.5-percent error rate) and $13.6 billion is attributable to Medicare Part C (14-percent error rate).
Some but not all improper payments are the result of fraud. Improper payments can also result from medically unnecessary claims, miscoded claims, eligibility errors, or insufficient documentation. Examples of improper payments include payments made to an ineligible recipient, duplicate payments, or payment for services not received. For example, my office recently identified $3.6 million in improper Medicare Part D payments on behalf of deceased beneficiaries.
Interesting, because another source has already been used and puts Medicare fraud at 20%. Actually, yours adds up to 24.5%, so your really not helping yourself.
In fact, Medicare fraud - estimated now to total about $60 billion a year - has become one of, if not the most profitable, crimes in America.
Medicare Fraud: A $60 Billion Crime - CBS News
I'm convinced that Medicare can be expanded to include preventative care for all citizens and in doing so we can begin to repair our economy. It's all a matter of priorities.