Feds Uncover Costly Gaps in Medicare Spending
Posted on August 4, 2008 by Michael Douglas, MD, MBA
NEWSFLASH: Medicare has just approved the sale of durable medical equipment maintained by fake supply companies set up by the FBI. The GAO provided false statements to CMS to cover products such as wheelchairs and lifts, eventually billing them for almost 4.5 million dollars for non-delivery. The companies pocketed just under half that amount. Sounds like a pretty cruel joke. Actually the prank was a sting operation of sorts concocted by the FBI to “trap” Medicare into making payments in an effort to uncover gaps in the way it processes claims. Looks like they hit paydirt. Thank goodness this time taxpayers aren’t responsible for the tab. | LINK




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