Entitlement Bandits Rob Medicaid/Medicare

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The three most salient characteristics of Medicare and Medicaid fraud are: It's brazen, it's ubiquitous, and it's other people's money, so nobody cares. The incentive problems that these programs create for lawmakers, health care providers and patients are effectively baked into the entitlement cake. Michael F. Cannon, director of the Cato Institute's health policy studies, describes the problems.

Video produced by Caleb O. Brown and Austin Bragg.

• Category

  News & Politics

[Isaac Grant]

Obama is not smart

[colouredpeoples]

Nothing worse than social cripplers/workers

[crorillabe]

thats a great talk...

[ianhowe007]

Its private healthcare that are the bandits robbing Medicare. And its the right that abuse the pro-life camp for votes.

[StateExempt]

- Not at all, you will never hear of a private insurer wasting as much money as Medicare or Medicaid. Can you find an insurance company that was robbed of millions in a single day?

[ianhowe007]

Private sector healthcare's cost is extreme fraud

[vNorilor]

hahahahahaha 

[vNorilor]

Although you may be illiterate, it's worth saying that the Cato Institute has and does oppose both wars. That you ran your mouth while not realizing this should be really embarrassing for you.

[Melissa Morgan]

Calm down man! I realize it's hard to express yourself when your upset. Having colorful language only distract's person's from your message. On that note..I think Michael F. Cannon is a DOUCHBaG too! LOL And agree that we are going to look back at the bush war's with great sadness and anger! ....Only a few of us are actually upset about it today.

[vakeraj]

Police and defense are non-rival and non-excludable goods, which economics defines as the two conditions to being provided by the government. Health care fits neither of those description.