Do you really think $500 billion can be cut from Medicare without cutting the benefits to older Americans?

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• First of all, if that savings actually exists why aren't they going for it now?
  Second, Medicare will be bankrupt in less than ten years as it is.
  Third, every politician has complained about waste, fraud and abuse since medicare was passed yet nobody does anything about it. Wonder why? Maybe it's because it doesn't exist in the numbers reported.

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  by kybear on October 14th, 2009

• @kybear - if you read the story in the link I posted, it discusses how demographically similar areas have wildly different Medicare reimbursement patterns.
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  As to why Medicare allows this, I suspect that there is no political constituency fighting to stop it. If Social Security is the "third rail" of politics, Medicare is a transformer box nearby.
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  Many government agencies that should be preventing fraud and other crimes (IRS, SEC, etc.) are badly underfunded and understaffed. Medicare is merely one more on the list.

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  by Old School on October 14th, 2009

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• I hope Santa does better than the tooth fairy.

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  by kybear on October 14th, 2009