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Medicare overpaid nearly $20 billion last year

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posted on Dec, 14 2004 @ 08:04 AM
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If any other business in the world had this kind of error rate, they would cease to exist! Yet by the year 2008 the goal they want to reach is to cut this error rate in half! Don't forget where our tax payer dollar is going!

The main objective here is to pay it right,” McClellan said Monday, the day Medicare reported that private companies that process health claims from its beneficiaries made nearly $20 billion in erroneous or questionable payments last year, an error rate of 9.3 percent.

www.msnbc.msn.com...

This is the error amount they admit to! How many false claims are submitted that are never found, I shudder to think what the real amount is!




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