$4 in Medicare fraud for every $1 in Ins. Co. profits!!!!

[rbell]

Wow.

After reading this...if you still want government healthcare, then I guess you deserve it.

In a newly released report [pdf], the Government Accountability Office (GAO) estimates that, in fiscal year 2010, $48 billion in taxpayer money was squandered on fraudulent or improper Medicare claims. Meanwhile, the nation's ten largest health insurance companies made combined profits of $12.7 billion in 2010 (according to Fortune 500). In other words, for every $1 made by the nation's ten largest insurers, Medicare lost nearly $4!

SOURCE

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As Neal Boortz is fond of saying, "Tell us one government program that is run efficiently, that hasn't cost far more than was promised."

'Nuff said. Enjoy the train wreck, America. Remember, a majority of you asked for it.