Thursday, April 21, 2011

Listen to this Man: Professor Sparrow's congressional testimony

Professor Sparrow (Harvard) is one of the few serious academics who has given meaningful thought to health care fraud.  It baffles me that health care fraud costs the country hundreds of billions of dollars yet our politicians devote more resources to the "War on Drugs" than on preventing, deterring, and prosecuting pharmaceutical fraud, which costs the country billions of dollars and harms patients. 

Below is Professor Sparrow's recent testimony to the U.S. Senate.  Here is an excerpt:  "The units of measure for losses due to health care fraud and abuse in this country are hundreds of billions of dollars per year.  We just don’t know the first digit.  It might be as low as one hundred billion. More likely two or three. Possibly four or five.  But whatever that first digit is, it has eleven zeroes after it.  These are staggering sums of money to waste, and the task of controlling and reducing these losses warrants a great deal of serious attention."

Testimony MKSparrow Senate Judiciary Committee Subcommittee on Crime & Drugs Health Care Fraud 5-20-2009

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