On Sep 14, 11:18*am, "Sure,Not" > wrote:
> > AND ALL OF THIS IS A MARVELOUS ILLUSTRATION OF THE BENEFITS OF ALLOWING
> > THE PRIVATE INSURANCE INDUSTRY TO FAIL DUE TO ITS OWN LIMITATIONS. *
> > GOVERNMENT DOES A BETTER JOB OF SOCIAL INSURANCE THAN THE PRIVATE SECTOR
> > AND WE HAVE JUST SEEN A LOT OF WHY THAT IS SO.
>
> Ok. *Let's try this. *Why does the gov't do a better job? *They can
> print money?

Medicare doesn't work very well for the taxpayer. We been hearing
since Nixon was in office that they are going to correct the fraud and
waste, they didn't, and they won't now.



http://www.americanprogress.org/issu...are_fraud.html


Bill Novelli, CEO of AARP, told an audience at the Center for American
Progress back in July that, unless we act, “overpayments to Medicare
Advantage plans will total about $54 billion over five years.” This
week, the Government Accountability Office confirmed that this is not
just waste but possibly fraud. Private insurers pocket tens of
millions of dollars every year, if not a far higher amount, in
overpayments from the federal government that legally must be used to
improve coverage for enrollees.

In 2003, 220 private insurers participated in Medicare. The Centers
for Medicare and Medicaid audited 49 of the organizations and found
significant errors at 41 of them. But Medicare did not take action to
collect the $59 million in overpayments that could have helped to
increase benefits, lower co-payments, and lower premiums.