Upgrade your browser!

Spiked Humor Crave Online

Problem?

60 Billion Fraud Pt2

Medicare and Medicaid fraudsters are beating U.S. taxpayers out of an estimated $90 billion a year using a billing scam that is surprisingly easy to execute. Steve Kroft investigates

posted by bindi_watts
10/30/2009 12:32:04 PM

Views: 1056

Teen
Offensive

Add to favorites

Tags Tags: 60 billion fraud 60 minutes

Related Media

Video:
The Decade in 7 Minutes
NEWSWEEK rewinds the first 10 years of the new century,. . .
4.68/5 - 2529 - 23

Video:
60 Billion Fraud (1/2)
Thinking about a career change? Part 2
4.69/5 - 3030 - 18

Video:
Man Sues For 1784 Billion, Trillion Dollars
DALTON Chiscolm is unhappy about Bank of America's cu. . .
4.63/5 - 2029 - 13

Video:
Disney to Buy Marvel For $4Billion
LOS ANGELES - The Walt Disney Co. is buying Marvel En. . .
4.57/5 - 1561 - 25

Video:
32 Songs in 8 Minutes
Talented kid plays 32 different songs in 8 minutes on h. . .
4.58/5 - 4006 - 17

Video:
Swine Flu 1976 Propaganda - Part 1
CBS "60 MINUTES" documentary on the swine flu epidemics. . .
3.83/5 - 667 - 2

Video:
Swine Flu 1976 Propaganda - Part 2
CBS "60 MINUTES" documentary on the swine flu epidemics. . .
3.94/5 - 598 - 4

Video:
$134 Billion Seized in Italy
"Two Japanese were detained by Italian financial police. . .
3.65/5 - 1351 - 18

Video:
Ready For School in Less Than 5 Minutes
How to get a kid dressed, fed, and out the door in less. . .
4.42/5 - 6207 - 20

Video:
60 Minutes: Wine Rx
Scientists have found a substance called resveratrol in. . .
3.6/5 - 2425 - 4

Video:
Five Minutes With: Richard Dawkins
Celebrities and news-makers get grilled in exactly five. . .
3.91/5 - 707 - 5

Video:
1/2 Unmanned Aerial Vehicles 60 Minutes
(CBS) Every so often in the history of war, a new weap. . .
4.56/5 - 2808 - 16

Video:
2/2 Unmanned Aerial Vehicles 60 Minutes
(CBS) Every so often in the history of war, a new weap. . .
4.45/5 - 705 - 7

Video:
Trillions of Missing Dollars!
Rep. Alan Grayson asks the Federal Reserve Inspector Ge. . .
4.6/5 - 3346 - 34

Video:
32 Songs in 8 minutes
A medley of 32 popular songs on acoustic guitar and voc. . .
4.42/5 - 2309 - 18

Video:
The Obama Fraud: An Open Video to Barack Obama Supporters
Barack Obama is being hailed by his supporters as one o. . .
3.69/5 - 5750 - 11

Video:
Billion Dollar Babies
For Praise-Jebus: Ask, and ye shall recieve.
3.84/5 - 627 - 3

Video:
Microsoft Layoffs
Microsoft Lays off 5,000. But Bill Gates Gets To Keep H. . .
4.46/5 - 4998 - 11

Video:
Paulson's $140 Billion Surprise
It's a little-known story about the financial crisis. D. . .
4.35/5 - 1831 - 12

Video:
The Bush Dictatorship: 8 Years in 8 Minutes
Keith Olbermann sums up eight years of George W. Bush i. . .
4.51/5 - 2254 - 16

View All

Trouble playing the media? Click here to manually download it.

Rate This Video:: 4.61 out of 5 based on 158 votes

Rating Results:

Earn XP by sharing this video!
learn more

Video URL:

Embedded Link:

7 Comments

Current View: 15 / Show all Comments

bindi_watts : LVL 5: VP 1.4: said:

Hidden (Show Comment) 0 votes

23 days 21 hours ago...

Medicare and Medicaid fraudsters are beating U.S. taxpayers out of an estimated $90 billion a year using a billing scam that is surprisingly easy to execute. Steve Kroft investigates

edit

Nose Nuggets : LVL 16: VP 2.5: said:

Hidden (Show Comment) -1 votes

23 days 19 hours ago...

And pro socialized proponents claim Medicare has a low overhead. yeah...

and to finish Holder`s sentence at the end,

"i think a lack of a reason to give a shit."

is a realistic answer. no one knows, no one cares, no one is held responsible and in the grand scheme of things it does not matter. there are no share holders. no investors, no one to lose. or at least, no on losing is aware or has any real means to litigate. but this happens in ALL government run services. the military LOST 3 trillion in a couple years in `uncountable transactions,` the postal service is already some 9 billion in debt just for fiscal 09.

the free market can deliver any service better and cheaper then the government. i cant think of a single exception.

edit

hogo : LVL 38: VP 4.6: said:

Hidden (Show Comment) 0 votes

23 days 15 hours ago...

wasn`t it Milton Friedman that said "there are two types of money, your money, and someone else`s" or something on that line

edit

Gimli000 : LVL 35: VP 4.3: said:

Hidden (Show Comment) 0 votes

23 days 8 hours ago...

@Nose Nuggets - I don`t think it`s apathy that causing this. It`s the way your government is structured and held accountable. Every country has inept or incompetent public servants but most don`t let them keep their jobs once the shit hits the fan.

edit