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This just in....

By
Real Estate Broker/Owner with Miller Homes Group

 

Yeah, I trust these guy's.

According to their own auditors, Medicare knowingly overpays for almost everything it buys. Examples include:

-- $7,215 to rent an oxygen concentrator, when the purchase price is $600.

-- $4,018 for a standard wheelchair, while the private sector pays $1,048.

-- $1,825 for a hospital bed, compared to an Internet price of $1,071.

-- $3,335 for a respiratory pump, versus an advertised price of $1,987.

-- $82 for a diabetic supply kit, instead of a $47 price on the Web.

Last year, the Health and Human Services Department tried to replace its archaic fixed-price fee schedule for 10 commonly purchased products with a competitive bidding program in 10 cities. The department said the program could save Medicare $125 million in a single year, or $1 billion if adopted nationwide. But Congress stepped in to stop it.

"One man's waste is another man's living, and whenever there is an effort put forward to actually make an efficiency, someone goes on the offensive and hires lobbyists and does what they can to constrain Congress from doing it."

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Posted by

Terry Miller

Miller Homes Group

Tyler Apartment Locator

Comments (7)

Stephen Kappre
KW Hometown - Mantua, NJ
Helping You Home

I just shake my head in confusion ... it is no wonder why we have the issues we do.

Oct 05, 2009 12:50 PM
John Mulkey
TheHousingGuru.com - Waleska, GA
Housing Guru

Terry - And that's the reason so many are concerned about the health care proposals. Government is out of control with inefficiency and fraud; and quite honestly, it can't be fixed.

Oct 05, 2009 01:04 PM
Bonnie Vaughan
Scranton, PA
CNE SFR - Buyers/Sellers - Lackawanna & Surroundin

Terry,  Obama promised to get rid of the waste and fraud in Medicare. I saw this on the news today also.  What have we got?  A Congress that keeps their hand out for lobbyists.

Now when you hear the Baucus bill wants to get $500 billion from Medicare and Medicaid you know whose hide it is going to come out of.  This crap is not stopping any time soon.

Oct 05, 2009 01:38 PM
Melissa Anderson
Be My Neighbor Mortgage - San Antonio, TX
Your Texas Lender

If the waste was eliminated from medicare the congress would find more crap to fill in the cracks.

Oct 05, 2009 01:48 PM
Broker Nick
South Florida Real Estate & Development, Inc. - Coconut Creek, FL
Broker Nick Relocation Broker Service

Something must be done to stop the organized crime in government. How much can we take without the justice department investigating the government to which is corrupt.

Oct 05, 2009 02:10 PM
Johnny Morrow
Track The Lead - San Antonio, TX
Simple CRM Development

I need to start selling stuff to the government.  Low income housing?  I could sell that..

Oct 05, 2009 03:18 PM
June Watson
Weichert Realtors, ProSouth - Florence, AL
Realtor , NW Alabama

Hey! Forget about the Post Office, Medicare, Cash for Clunkers! None of these mismanaged government funded programs are the issue!

Don't you people trust our government to care for you from the womb to the tomb?

                                                        .................. me neither.


-june

Oct 07, 2009 10:53 AM