The Washington Times actually has it wrong – using $350 billion instead of $350 million. But isn’t that telling? At some point, you have to just say what’s the real difference ya know?
Anyway, federal agents in north Texas uncovered a Medicare and Medicaid fraud ring that brought in an estimated $350 million in just five years. That’s $5.8 million a month folks, not chicken feed and I guaranty you this is occurring all around the country. From the Wall Street Journal, who quotes the correct $350 million figure instead of billion.
Federal agents on Tuesday arrested a Dallas-area doctor accused of bilking Medicare of $350 million over a five-year period, in what the government called the largest Medicare fraud scheme by dollar value linked to a single physician.
According to documents filed by the Justice Department in Dallas federal court, 54-year-old Dr. Jacques Roy carried out the fraud with the help of his office manager and home health-care agencies.
Again, this is just fraud in north Texas and it involved only seven accomplices. Last year in eight cities about 90 defendants were charged with Medicare and Medicaid fraud totaling about $300 million.
The entire system is going to be infested with fraud, and it needs to be completely overhauled … but Congress and the Executive Branch will not do a damn thing.