Medicare’s Low Administrative Costs Strike Again

One of the major points liberals deploy when arguing for socialized medicine is how much government run health care will save Americans in administrative costs. And it is true: Medicare does not spend nearly as much on oversight of their programs as private insurance does managing their claims. But then again, private insurance isn’t nearly as big of a sucker as Medicare is. The USA Today reports: Scammers have found a lucrative source for squeezing money from Medicare: dead doctors. Over seven years, the federal program for the elderly and disabled paid at least about $77 million — and possibly as much as $92 million — to purported medical equipment suppliers who used Medicare ID numbers of deceased physicians, says a report out Wednesday by congressional investigators. Despite learning of the problem in 2001, the government... [read full story]