I attended the Health Subcommittee of the House Committee on Ways and Means today.* The subject was Medicare fraud and abuse. One of the U.S. Attorneys present claimed that every dollar invested in fraud investigation returned 13 dollars in recovered Medicare fraud. Representative Xavier Becerra (D-CA) marveled at this, exclaiming that the folks on Wall Street wished they could get a 13-to-1 return.
Apparently it didn’t occur to Becerra that perhaps the reason the return is so high is that there is so much Medicare fraud. After all, it’s not hard to pick fruit if tons of it is low-hanging.
*This makes me a much in demand dinner guest.