Consumer Confidential: Wasteful Medicare Spending Drives Up Costs

A federal report released Wednesday showed the Medicare system is plagued by large amounts of wasteful spending.

A standard back brace that costs $99.99 on the internet, for example, costs Medicare more than $900, according to the report from the inspector general of the Department of Health and Human Services.

The health care system is estimated to squander some $750 billion a year, or one-third of its total expenditures, in wasteful spending, fraud and care that isn’t needed.

Medicare responded to the report by saying it will consider incorporating more competitive bidding for medical equipment.

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2 comments

  • mark

    Yeh,,,,NO S**T !!!!…..JUST LIKE THESE EBT USERS OF SOCIETY DRIVE UP THE PRICE OF FOOD,AND THEY DONT EVEN BUY THEIR FOOD!!!!!!!!!!!!,,,,,,THE USA FED GOVT ARE THE STUPIDEST PEOPLE YOU'LL EVER MEET……THEY ARE MAKING FAT LAZY PEOPLE,,,FATTER AND LAZYER!!!!!!!!!!!!!REAL SMART MOVE……..HEY LOOK AT ME,,,,,I'VE DONE GOT SO FAT OFF THIS FREE EBT,,,,,,NOW I NEEDA HANDOUT WELFARE CHECK!!!!!!!!!!!……GOOD GOD PEOPLE ,,,WAKE THE F**K UP!!!!!!!…..ITS ALL FRAUD AND CRIMINAL INTENT!!!!!