Monday, March 5, 2012

Health care fraud in the news again

It's fascinating to see the press finally starting to pick up on the fact that health care fraud in the U.S. is the biggest fraud play in the world.  Tens of billions of U.S. tax dollars are lost every year through fraud.  

Click here for last Thursday's episode of the Diane Rehm show discussing a recent health care fraud scam in Texas where hundreds of millions of dollars were stolen by one doctor.

Click here to listen to the show. 

One wonders when our politicians are ever going to get serious about the problem.  I've also wondered why honest doctors and health care companies are so tolerant of health care fraud.  The system is so corrupt that if things keep going we are going to end up with a government-run health care program.  You would think the AMA and various trade groups would want to avoid that.  A third-party payor system with reimbursement per procedure with no government accountability is unsustainable.  And for the fraudsters, it's low hanging fruit.  Whistleblowers can only do so much.  The industry needs to police its own . . . but don't bet the house on it. 

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