MedicarePhD.com: Revealing the Medicare fraud

Now that MedicarePhD.com has you all charged up about appeals, let’s take a brief look at one of the biggest challenges Medicare faces. You constantly read stories of fraud in the Medicare system and this generally has nothing to do with agents or insurance companies. Rather, Medicare fraud is committed when health care providers charge Medicare for services or medical equipment you have never received.

FRAUD

According to the Miami Herald (6/27/09), Medicare fraud exceeds $60 billion (YES, $60 BILLION) a year, $3 billion a year in just Miami. For some reason, Miami and Detroit are constantly in the news relating to fraud, with LA and Houston giving them a run for their money. However, Obama has targeted this problem and our research company sees on a weekly basis stories of health care providers being prosecuted.

It should be readily apparent that if Medicare could recoup this $60 billion on an annual basis, we would all benefit. Doing some quick math, Medicare could do away with the $96 monthly premium for Part B that most people pay and still have money left over. That is a savings of over $1,000/yr for everyone on Medicare.

Therefore, we at MedicarePhd.com want you to be alert for any providers making unnecessary charges to Medicare by auditing your quarterly statement if you are in Original Medicare. Just like a credit card, never share your Medicare Card # with anyone other than a reputable provider. And as a bonus, Medicare pays $1,000 for leads that uncover a Medicare fraud situation.