For 3 months I have been hearing about how the health care reforms will be financed through savings.  It has been claimed that these savings will be found in Medicare/Medicaid inefficiencies.  Other savings will be discovered as redundant testing procedures used by doctors to protect themselves against malpractice lawsuits.  Others claim that savings will originate within the drug and health insurance industries – both in their inherent bureaucracies and the excessive profit motives.

There are probably a few more sources of savings but I was so flabbergasted by this list I might have missed some.  Is the President telling us that he is going to finance $900,000,000.00 by finding savings?  If these fraudulent and wasteful items are so obvious, then why do they still exist?  Where are the government auditors? Why have we not reversed this waste already?

Probably working as well as the SEC boys who investigated Bernie Madoff for about 15 years while he bilked the public for billions.  Bernie was very efficient.  He just told everyone a fairy tale and did no trades whatsoever.  Perhaps we should have Medicare tell everyone they are healthy and do nothing at all.  If the SEC audits and investigates them, Medicare will get the green light and we could basically shut down all of the REAL side of medicine in Medicare and just deal with the GOVERNMENT side … I am obviously making an attempt at humour.  However, there is one small truth here.  If a government oversight Commission like the SEC could not uncover Bernie Madoff  giant con, why would you think that another government oversight commission will be able to find savings in Medicare, drug companies, insurance companies, doctor offices, whatever?

Back to the title, show me the money.

Technorati Tags: financed by savings, Health Insurance fraud, Medicare fraud, obamacare