The Department of Health and Human Services is limiting the amount that private insurance companies can invest in fraud prevention, according to testimony at a House subcommittee hearing on Wednesday.
The federal investigation into the relationship between Democratic donor Dr. Salomon Melgen and Sen. Bob Menendez (D., N.J.) has exposed the rampant culture of Medicare and Medicaid fraud, which by some estimates cost taxpayers as much as $98 billion in fiscal year 2011.
A new report expected to be released Wednesday shows Medicare paid an average of $919 for back braces that cost suppliers just $191 each, according to the Associated Press.
The ways in which the Romney-Ryan ticket beat Democrats on Medicare talking points are detailed in an op-ed in the Wall Street Journal by Dan Senor and Peter Wehner.
ABC’s Jake Tapper has taken a closer look at Vice President Joe Biden’s claim that he was “in the room” for the historic Social Security and Medicare reform negotiations during the Reagan administration and has found that Biden is guilty of yet another exaggeration of his historical importance.