Source: http://www.foxnews.com/politics/2009/10/05/tracking-taxes-medicare-waste/?test=health
And you think THESE guys are capable of handling your HEALTHCARE?
Riiiiiight.....
According to their own auditors, Medicare knowingly overpays for almost everything it buys. Examples include:
Last year, the Health and Human Services Department tried to replace its archaic fixed-price fee schedule for 10 commonly purchased products with a competitive bidding program in 10 cities. The department said the program could save Medicare $125 million in a single year, or $1 billion if adopted nationwide. But Congress stepped in to stop it.
- $7,215 to rent an oxygen concentrator, when the purchase price is $600.
- $4,018 for a standard wheelchair, while the private sector pays $1,048.
- $1,825 for a hospital bed, compared to an Internet price of $1,071.
- $3,335 for a respiratory pump, versus an advertised price of $1,987.
- $82 for a diabetic supply kit, instead of a $47 price on the Web.
And you think THESE guys are capable of handling your HEALTHCARE?
Riiiiiight.....