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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (536389)	12/14/2009 1:33:40 PM
From: Alighieri	1 Recommendation Read Replies (1) \| Respond to of 1578818

The point is that Medicare can't make ends meet even though it is being massively subsidized by private insurance. So it follows that caring for our elders costs more than Medicare is paying...correct? Hundreds of billions in fraud and incorrect payments, absolute inefficiency in management making it 35% more costly to administer than private insurance, and an initial design that was never going to provide long-term actuarial stability, as a result of a convoluted legislative process. I asked the question above because this is false... • Kim Brandt, who leads Medicare’s anti-fraud efforts, said some estimate the agency loses up to $80 billion to fraud, though she thinks that number sounds too high. (The truth is, no one is sure. All they know is that the more they look the more they find, Brandt said.). In 2008 Medicare recovered about $20.4 billion related to fraud. The insurance industry takes far more than that in profit and administrative costs out of the system. So, why are you trying to argue this point with me, who knows the subject extensively? Because you are a serial liar with far too much baggage to be objective. Al