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POPSGood Intentions with Disastrous Effects
But fraud and corruption are only part of the failed system that is Medicare – the other is basic accounting. In this morning’s Washington Post, Robert J. Samuelson compares the troubles with Medicare to the “public option,” which he calls a “mirage,” that is gaining strength in Congress. While Medicare is a monopoly, the proposed government-run health insurance plan seeks to attract investment capital to subsidize the enormous costs that it will incur (such as marketing campaigns). If this fails, which it undoubtedly would, Congress would step in to bail it out. When asked why it has taken Medicare so long to figure out they were being scammed, Attorney General Eric Holder told CBS’s Steve Kroft, "I think lack of resources probably. And then I think people I don't think necessarily thought that something as well intentioned as Medicare and Medicaid would necessarily attract fraudsters. But I think we have to understand that it certainly has." Good Intentions maybe but...
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