Pigs at the Trough

In August 2014, President Obama declared war on Medicare fraud. This seemed like a laudable goal, since fraud and unsystematic overcharging account for about $60 billion or 10% of Medicare’s annual costs. Medicare is the best health insurance program in America and should be extended to every American citizen; however, it is threatened by expensive fraud.

Let me be clear: the fraud of which I speak is not committed by the patients or customers receiving healthcare services or products, but rat...