"In seeking truth you have to get both sides of a story.---And that's the way it is."--Walter Cronkite
Wednesday, September 12, 2007
Democracynow.org: Admin Wrongly Let Insurance Companies Keep Medicare Payments.
A government audit has found the Bush administration allowed insurance companies to hold on to tens of millions of dollars that should have gone to Medicare consumers. The Government Accountability Office says the companies kept the money because the administration failed to perform mandatory audits and recover wrongly-paid funds. The money could have been used to either reduce payments or provide more benefits to senior citizens. The proportion of audited Medicare companies fell to fourteen percent from twenty-four percent in 2001. The Bush administration has pushed corporate involvement in Medicare and encouraged beneficiaries to enroll in private plans.
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And most insurance companies are making money hand over fist at the expense of the insured both in money and health (by denying coverage, tests, procedures etc)
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