Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Broken_Clock who wrote (779265)	4/9/2014 6:13:52 PM
From: i-node	Read Replies (1) \| Respond to of 1576418

The waste in the military is also insane. But I don't believe it approaches the levels of Medicare. The waste within Medicare could be easily controlled if they just used appropriate controls. But once a provider is enrolled they're pretty much going to pay claims that are properly coded. There are certain specialties that are problematic, but routine general practice claims simply aren't a problem. One of the basic protections against fraud that is used by all insurers is to send patients a copy of every EOB they process; if a patient knows they didn't see a particular doctor, they'll often call and put the payer on notice. If you try to call Medicare and say, "Hey, I got an EOB from a doctor I didn't see on a date I when I was in Kuwait" they'll just blow you off. United would be ALL OVER a claim like that. So, when some idiot takes the government's figures at face value, they're vastly understating fraud. Now, a douche like CJ may come here and argue with me about it, and present some bullshit link, I've dealt with these systems daily for 20 years. I can guarantee you that Medicare has no idea how much money they're losing to fraud. Military waste occurs in a big way. But one can just look at military logistics and see they have their shit together.