Last year, $60 BILLION dollars of taxpayer money was lost in Medicare fraud and overpayments! That is 10 percent of the entire Medicare budget. How can Medicare lose so much money on fraudulent claims?
There are currently an estimated 23,400 fake medical providers who are billing Medicare!
For example, one “medical clinic” was found to actually be in a Chicago porn shop. Another office that billed Medicare $6 million dollars had their address listed as the Miami airport!
One investigation found that Medicare does not properly check medical licenses for physicians. For example, they still are authorizing payments to physicians who have had their license revoked for health care fraud, or have lost their licenses for crimes.