No. of Recommendations: 1
Medicare fraud losses are significant, with estimates around$60 billion annually,
The net sifter attributed about $100B of the $300B/year lost to fraud, to Medicare.
I can understand why no-one wants to talk about fraud. The person in charge has the numbers, but if he tells anyone, it makes him look bad. Or maybe he takes the Sergent Schultz approach: he doesn't ask his staff questions about fraud, because he doesn't want to know. Shareholders might start asking questions, like "how can we pay you $20M/year, when you lose more than that to fraud every year?"
As I said, anyone has different numbers, bring them to the discussion.
Steve
