Can the federal government really save much money by cracking down on fraud and abuse in Medicare?
President Obama last week proposed spending $311 million in fiscal 2010 to slow fraud and abuse in Medicare's prescription drug and Medicare Advantage programs. He estimated it would save $2.7 billion. Savings would be reinvested into Medicare trust funds to benefit program participants.
Is this realistic? And is it realistic to think that savings would benefit program participants?
Industry Volunteers To Lower Costs
A range of industry groups this week promised to work together voluntarily to lower costs by 1.5 percentage points annually over the next decade. President Obama responded positively but promised it would not affect his health care reform efforts moving forward.
How big a deal is this voluntary commitment? Will it, or should it, change the way that Washington proceeds this year?
Added at 1:25 p.m. on May 13.