Thursday, July 30, 2015

Medicare and Medicaid At 50: One Is Going Bankrupt, the Other Is Bankrupting States

When President Johnson signed Medicare into law on June 30, 1965, he said , "If it has a few defects, I am confident those can be quickly remedied." --Fifty years later, a Government Accountability Office report found that an eye-popping $60 billion — fully 10% of Medicare's budget — was lost to waste, fraud, abuse or improper payments last year. Among the glaring defects, the GAO found 23,400 fake or bad addresses on Medicare's list of providers.

Read more at Investor's Business Daily
(Hat tip: KimR)

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