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Missed Fortune – Medicare Fraud: A $60 Billion Crime

Posted on | November 8, 2009

Medicare Fraud & the Implications for Health Care Reform

60 Minutes recently reported on an infuriating story entitled “Medicare Fraud: A $60 Billion Crime.”

The report explained exactly how the health care program “…provides a rich and steady income stream for criminals who are constantly finding new ways to steal a sizable chunk of the half trillion dollars that are paid out each year in Medicare benefits.”

“In fact,” the report continues, “Medicare fraud — estimated now to total about $60 billion a year — has become one of, if not the most profitable, crimes in America.”

When asked by correspondent Steve Croft why the fraud is so attractive to criminals, U.S. Attorney General Eric Holder responded, “Because I think it’s been pretty easy. I think that they have found a way in which they have been able to get pretty substantial amounts of money with not a huge amount of effort…”

Of course, that money comes straight out of your pocket and mine.

60 Minutes interviewed a fraud perpetrator identified as Tony who said that it was “real easy,” “…like taking candy from a baby.”

So answer this: If this is how the government is now managing Medicare, how in the world are they going to run nationalized health care?

What it Means for You

The implications for you and I are simple: The more government gets involved, the more bureaucracy, inefficiency, and waste.

This means that our dollars will never be worth more than they’re worth today, and that you’ll never be in a lower tax bracket than you’re in today.

The Missed Fortune strategies provide a way for you to beat the government at the taxes and inflation game.

Specifically, our indexing strategy provides the following benefits:

Get started now with implementing these phenomenal strategies into your financial life.

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