Wednesday, July 20, 2011

Medicaid/Medicare Fraud Reveals Incentive Problems

Following up on what Holly presented this morning, I've produced a short video with the Cato Institute's Michael F. Cannon detailing some of the particularly nasty aspects of Medicaid/Medicare fraud.

One of the issues that makes Medicaid/Medicare fraud so intractable is that the lawmakers who approve the programs' spending have muted incentives to crack down on fraud since any antifraud program would impose costs on constituents. If you haven't yet, read John Garen's report on Medicaid in Kentucky.

1 comment:

Walmart Preferred RX Plan said...

I do believe there is something fishy going on with Medicare. Because a big amount of the budget is focused on Medicare and you wonder where did this debt came from. You wonder how did this get so big.