Chicago hospital hit with shocking Medicare and Medicaid fraud charges
Chicago has been hit with another shocking corruption scandal involving taxpayer money. Federal authorities have raided Sacred Heart Hospital on Chicago’s West Side after alleged crimes of medically unnecessary sedation, intubation and tracheotomy procedures on patients in an attempt to defraud Medicare and Medicaid.
http://illinoispolicy.org/blog/blog.asp?ArticleSource=5746
In fiscal year 2011, the Department of Health and Human Services reported that in Illinois alone there were:
326 Medicaid fraud [...]
The Decline Of The West: Presenting The Decline of The West In Two Easy Infographics
There’s been a shift of wealth.
Two interesting infographics were published recently that make it so easy to see the decline of the West, even a caveman can do it.
The first is from the Brookings Institute, which has released an interactive map showing economic growth data for the largest 300 metropolitan areas in the world– from New York [...]
A new government report finds that the country is heading toward fiscal ruin, and the only way to avoid that is to make deep cuts in entitlement programs; tax hikes can’t fix the problem.
In other words, what’s needed is the opposite of what the Obama administration and congressional Democrats propose as part of the fiscal cliff talks.
The Government Accountability Office report found that, even using optimistic assumptions about spending, the [...]
By Barry Grey
November 29, 2012
As the deadline for the so-called “fiscal cliff” grows nearer, the indications mount that, behind the smokescreen of deficit talks and media hype, the artificial fiscal emergency is the starting point of a process for making deep structural cuts in basic social programs that previously would have been considered politically impossible.
Scattered press reports and statements by some Democrats as well as Republicans make clear that any [...]
Communist Party USA: Go, Obama, Go!
Organization staging events to encourage higher taxes, spending
The Communist Party USA, which just days ago boasted of its celebration over the election victory by Barack Obama, now is organizing teleconferences and promoting rallies in support of Obama’s plans to raise taxes – and to demand full government funding for Social Security, Medicare, Medicaid “and other basic human needs.”
According to a statement from the communists, it [...]
An outrageous fact about Warren Buffett’s plan for higher taxes
From Alex Green:
I’m a longtime admirer of Warren Buffett.
He taught me a lot about stock investing, including the most important thing about it I know: Forget about outguessing the market and focus instead on identifying businesses that are selling for less than they are worth.
While Buffett is a genius at equity analysis, he is no expert on government policy issues. And [...]
“In politics, nothing happens by accident. If it happens, you can bet it was planned that way.” – Franklin D. Roosevelt
from Deviant Investor:
FACTS:
The US government spends $1 – $2 Trillion more each year than it collects in revenues, using strictly cash accounting. This is not sustainable. But the deficit is actually far worse when accrued liabilities are included – as calculated by Laurence Kotlikoff. Using his numbers, the fiscal gap is approximately [...]
You’d think that Goldman Sachs — the mega-bank that took $10 billionof taxpayer money — would show a little bit of humility in the wake of the financial crisis. You’d be wrong.
In an interview with CBS News, Lloyd Blankfein, the Goldman CEO who famously said he was doing “God’s work,” said that Social Security benefits must be cut by raising the retirement age and Medicare and Medicaid must be “contained” as well:
“PELLEY: Social [...]
Obama Begins Bipartisan Talks on Spending Cuts
from globalresearch.ca:
Boehner said that in his remarks at the White House meeting he proposed a combination of tax and spending measures “consistent with the president’s call for a fair and balanced approach.” He added, “To show our seriousness, we put revenue on the table as long as it’s accompanied by significant spending cuts.”
McConnell singled out Medicare, Medicaid and Social Security, saying that both parties “fully [...]
Somehow we missed this over the summer.
In an excellent economic lecture series presented by the BBC, economic historian (& author of the recent Newsweek piece Hit the Road Barack) Niall Ferguson states that the total US unfunded liabilities is a mind-blowing $238 TRILLION- over 16 times the total US debt claimed by the Treasury Department of $16 trillion!!
Can you say QE to INFINITY….AND BEYOND!!! ? There is simply no other viable solution.Ferguson’s full lectures can be downloaded here:
The [...]
by Michael
The fastest way to go broke in America is to go to the hospital. These days it seems like almost everyone has an outrageous hospital bill story to share. It is getting to the point where most people are deathly afraid to go to the hospital. All the financial progress that you have made in recent years can literally be wiped out in just a matter of hours. For [...]
From Charles Hugh Smith:
Longtime readers know that I have presented various options to our costly (and therefore doomed) sickcare system. I have suggested a “cash only” system, and observed that the Veterans Administration (VA) offers a model for a national opt-in health care system that would offer an alternative to the hopelessly corrupt “fee for service” sickcare.
Stripped of purposefully obscuring complexity, sickcare is a system of State-sanctioned cartel skimming that [...]
Corporate and $Billionaire “Propaganda” that Social Programs are in crisis and must be slashed.
– James Galbraith, an economist at the University of Texas.
THE BANKSTER LlARS ARE EVERYWHERE:
“It is an error to think that fiscal austerity is a threat to growth and job creation.”
– European Central Bank President Jean-Claude Trichet July 2010
“We’re going to cut spending to get the debt down, help create jobs and prosperity, and reform government programs.”
– Rep. [...]
A controversial Indiana law that would keep low-income women from using federal Medicaid benefits to receive any kind of reproductive medical care from Planned Parenthood is unacceptable because it denies women the freedom to choose their health care providers, according to a federal hearing officer.
In June 2011, the Centers for Medicare and Medicaid Services (CMS) of the Department of Health and Human Services ruled the state law, which would alter [...]
The Fed Res will at some point in the not too distant future restart their asset buying program(s). But remember, Twist is going on now. They are selling short term instruments and buying long term instruments. This accomplishes multiple objectives at once:
1) Forces long term instrument rates down.
2) Keeps short term rates down.
3) Allows the Fed Gov to sell long term instruments to the Fed Res or its Primary Dealers [...]
Two U.S. senators and a representative worry that billions of tax dollars could be going to Cuba and other foreign countries via criminal schemes designed to defraud Medicare and Medicaid.
The schemes often involve the use of “nominees,” individuals who are paid to be fronts for the actual owners of corporate entities being used in the fraudulent operation. By concealing the identities of true owners, the approach invites its use to [...]
It is highly unlikely, I think, that the Republicans will back this bill - but wouldn’t it be great if they did? I’ll keep an eye out for flying pigs:
“Rep. Jim McDermott (D-WA) will soon introduce legislation that would allow states to use federal funds they’re receiving through Medicare, Medicaid, and other health care programs to build a universal single-payer system. Advocates are describing the bill as a “lifeline” for advocates:
It would create a [...]
via NYT:
Will Mr. Christie’s budget temper tantrum end speculation that he might become Mr. Romney’s running mate? I have no idea. But it really doesn’t matter: whoever Mr. Romney picks, he or she will cheerfully go along with the budget-busting, reverse Robin Hood policies that you know are coming if the former governor wins.
For the modern American right doesn’t care about deficits, and never did. All that talk about debt [...]
On July 30, 2011, a week after Cantor sabotaged the $3 trillion deal Boehner and Obama had agreed to and a day before the final “agreement” Boehner and McConnell made it clear in public statements that there were six non-negotiable demands which they could not budgeon:
THE GOP NON-NEGOTIABLES!
1) Either a Constitutional Amendment passed then to require a balanced budget OR the promise that the amendment would be fully vetted in [...]
by Charles Hugh Smith from Of Two Minds
That Which is Unsustainable Will Go Away: Medicare
Medicare is an example of an unsustainable system that will go away in the decade ahead.
Here are the sobering facts about the number of workers and those drawing Social Security, Medicare and Medicaid entitlements in the U.S. While the government claims to have a “trust fund” to pay for Social Security and Medicare, this is illusory propaganda. There [...]
U.S. Gov’t Making Preperations for Expected Major Social Unrest Next Year
The Federal government is gearing up for unprecedented social unrest (worse than Greece or Spain) when Washington is forced to impose “austerity” plans next year… [which will be deemed absolutely necessary to avoid] runaway inflation [that would otherwise occur] to pay for the country’s costly welfare programs like Social Security, Medicare, Medicaid, Food Stamps and massive unfunded liabilities. [Below are the [...]
http://www.usatoday.com/NEWS/usaedit…eport_ST_U.htm
Obamacare will save Medicare $200 billion by 2016
byJoan McCarter
Here’s an inconvenient fact for Mitt Romney and the Republicans: Obamacare will save for $200 billion for the Medicare by 2016 and $208 billion for Medicare patients by 2020.
The Centers for Medicare & Medicaid Services actuary reports:
“We have achieved significant tangible savings that have been passed on to beneficiaries,” said Jonathan Blum, director of the Center for Medicare. “There’s a tremendous opportunity [...]
Government involvement in our colleges has destroyed the cost/ value proposition. Like retirement (social security), healthcare (medicare/ medicaid). As usual, the government reverse Midas touch is in effect, turning into mush virtually everything it tries to central plan. Military is also too expensive but at least it works, mostly because of the people serving and the ingenuity and hard work of people in businesses developing military support systems and hardware.
Government involvement in [...]
Sat Apr 10, 2010 11:34 AM EDT
The Republicans and Tea Baggers favorite chant is how much they are against socialism and big government. And they love to be against any federal Program regardless to who the program helps or how much good the particular program does.
Yet today after 8 consecutive years of Republican social program cutting, economy ruining tax cuts, war mongering and profiteering our nation is gripped by the [...]
(ALL GOV) For those paying income taxes later this month and wondering just what their money goes toward, here is a breakdown of how the U.S. government spends it.
One quarter of all income taxes are consumed by national defense, which represents the largest slice of the tax-money pie. More precisely, 10.3% goes to “ongoing operations;” 7.9% to research, development, weapons and constructions; and 5.6% to salaries and benefits.
Almost another quarter [...]
It is not normal and something really bad is going to come from it.
We’ve increased our national debt by $5.6 trillion in the last three and a half years. It took from 1789 until 2000, two hundred and eleven years, to accumulate the first $5.6 trillion of debt.
Our average annual deficit from 2000 through 2008 was $190 billion. Our average annual deficits since 2008 have been $1.3 trillion. Our deficits [...]
by ZH
Two years ago, when introducing then promptly enacting Obamacare, the president stated that healthcare law reform would not cost a penny over $1 trillion ($900 billion to be precise), and that it would not add ‘one dime’ to the debt. It appears that this estimate may have been slightly optimistic… by a factor of 1700%. Because coincident with the recent Supreme Court debacle, in which a constitutional law president may [...]
House Republicans laid down a bold but risky election year marker Tuesday, unveiling abudget proposal that will reduce the debt by reshaping Medicare and Medicaid and cut deeply into other domestic programs, while reshuffling the tax code to lower tax rates.
Congressional Republicans will use the document to show they are willing to tackle the nation’s difficult fiscal problems head on. They argue that debt reduction is a moral imperative and entitlement [...]
House Minority Leader Nancy Pelosi on Tuesday launched political grenades at Mitt Romney, arguing that Republicans haven’t coalesced behind the GOP frontrunner because they don’t believe he can beat President Barack Obama in November.
The House’s top Democrat repeatedly jabbed at the former Massachusetts governor during an hour-long interview hosted by POLITICO and taunted the GOP for a slate of presidential contenders that she said was “not exactly what you would call the first string of [...]
1) Spending Growth on Medicare, Medicaid Slows as Budgets Are Cut
“Spending on the U.S. government’s two big public health programs slowed in 2010 yet outlays still rose more than twice as fast as private health insurance expenditures because of the flagging economy, a federal report said.
The U.S. and states combined to spend $401 billion on Medicaid, the health program for the poor, an increase of 7.2 percent. Outlays for Medicare, the [...]
by Charles Hugh-Smith from OfTwoMinds,
Will “Tax the Rich” Solve Our Deficit/Spending Crisis? (December 28, 2011)
If we look at tax revenues and income in a practical way, we find “tax the rich” will not close the widening $1.5 trillion gap between Federal revenues and spending.
Clearly, $1.5 trillion annual Federal deficits to fund the Status Quo–fully 10% of the nation’s GDP–is unsustainable. Eventually, the ad hoc “solutions” currently being pushed by the Federal Reserve–zero [...]
by BENJAMIN DOMENECH
According to data collected by the Centers for Medicare and Medicaid Services (CMS), Medicare has spent more than $240 million of taxpayer money on penis pumps for elderly men over the past decade, and will surpass a quarter of a billion dollars this year for costs since 2001.
The cost to taxpayers for the pumps more than quadrupled during that period, from a low of $11 million in 2001 to [...]
So many Americans are living past 85 that it may push the designation of ‘oldest of the old’ from 85-plus to 90 and older, according to a Census Bureau report released Thursday.
By 2050, the United States is likely to have 9 million people 90 and older, the report projected. In 1980, only 720,000 Americans were around who had lived past their 90th birthdays. That number grew to 1.9 million last [...]
By Erik Wasson and Julian Pecquet - 11/10/11 10:43 AM ET
Democrats on the supercommittee have proposed that the savings from the end of the wars in Iraq and Afghanistan be used to pay for a new stimulus package, according to a summary of the $2.3 trillion plan obtained by The Hill.
The latest offer from Democrats on the deficit panel, made Monday night to their Republican counterparts, would use some of the war [...]
House Speaker John Boehner (R-Ohio) made clear on Thursday that when it comes to a deficit reduction deal, his position hasn’t changed: Tax increases are out, but new revenues could be in.
The question of taxes and revenue has bedeviled congressional and administration negotiators for months, and they were at the center of the dispute between Boehner and President Obama when their talks for a possible “grand bargain” on the budget [...]
|
It only takes a few moments to share an article, but the person on the other end that reads it might have their life changed forever
Contact Information:
Submit: articles [ at ] investmentwatchblog.com
Advertising: ads [ at ] investmentwatchblog.com
General: admin [ at ] investmentwatchblog.com
|
