On Wednesday, one of the largest Medicare fraud schemes was busted. Seventy-three people have been charged, including members of an Armenian-American crime syndicate. Over $163 million in fraudulent Medicare bills were submitted. The criminal participants netted almost $36 million.
Medicaid fraud at its finest. Arrests made this week by the Feds in Elizabeth, NJ.
Medicare fraud is a real issue that needs to be dealt with. Tax payer money is being wasted and given out like candy to Medicare fraud perpetrators because the system is broken. Already $835 million has been wasted in this Medicare fraud and only $55 million has been recovered by these hired contractors. Something needs to be done because this is tax payer money that is being wasted.