Government Efficiency at Work - The American Spectator | USA News and Politics
Government Efficiency at Work
by

The WSJ editorial page uses news of recent busts of a Medicare fraud ring to make an important point:

One of the purported benefits of nationalized health care is that it will be more efficient than private insurers since it would lack the profit motive and have lower administrative expenses, like Medicare. But one reason entitlement programs are so easy to defraud is precisely because they don’t have those overhead costs — they automatically pay whatever bills roll in with valid claims numbers.

In fact, an estimated $60 billion, or 7.5 percent, of the $800 billion spent on Medicare each year is lost in fraud.

Sign Up to receive Our Latest Updates! Register

Notice to Readers: The American Spectator and Spectator World are marks used by independent publishing companies that are not affiliated in any way. If you are looking for The Spectator World please click on the following link: https://spectatorworld.com/.

Be a Free Market Loving Patriot. Subscribe Today!