Mark Mandell, Esq.
JPMorgan
& Chase Co. fraud - 0.6%.
U.S. Representative Peter Roskam from Chicago has introduced
a bill into Congress (HR 2305) that aims to update the Medicare system to
combat fraudulent behavior and improper payments.
Some of the changes introduced in Rep. Roskam’s bill include
updating the Medicare payment system.
Currently, the money goes out the door without any rigorous fraud
checks. The proposed change is modeled
after the credit card industry – Medicare claims would go through two separate
and distinct fraud checks at the beginning and the end of the process. These checks occur before the money is paid out.
Additionally, the bill makes changes to reduce incidents of “dead” doctors prescribing drugs and increasing criminal penalties. The bill also encourages increased education for seniors to identify and report fraud in the system. Lastly, the bill increases communication between the Medicare and Medicaid systems to bolster security and fight improper payments.
With so many Americans paying into the Medicare system and
the prospect of that system going bankrupt as early as 2026, we can’t afford to
needlessly pay out $60 billion per year to criminals. Changes, like those introduced by Rep.
Roskam, need to be made to bring Medicare back on track.
If you have questions about Medicare or other types of
fraud, contact the experienced team of fraud experts at Fausone Bohn, LLP at
(248) 380-0000 or online at www.MichiganFraudLawyer.com.
To read about Rep. Roskam’s bill, visit: http://www.chicagobusiness.com/article/20130621/OPINION/130629969/how-to-cut-medicares-whopping-fraud-rate
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