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Showing posts with the label medicare

Random Thoughts - 27

It is only a matter of time before the next cell phone innovation will be nicknamed “The Billboard,” so big they are becoming. I would not be surprised if almost every ancient coin (i.e. older than a century) is counterfeit. With modern metallurgy, it is too easy to duplicate old coins, right down to the molecular composition.   On recent medicare for all proposals, once the insurance companies are government-consumed, the hospitals will be next. Just because you can’t see it, that doesn’t mean it’s not there.

Message to my Kids

Dear Kids,  Experts recommend you save 10% of your income each year for retirement. Do you? This is just the beginning.  Make sure you put the money into a 401K plan, the only way you can build a substantial nest egg.  For me, I would need $500,000 in savings just to pay my property tax with the 1% interest, if I invested in a bank savings account.   Put your money where you can't get at it .  Not banks. "Banks shaft you in two ways, high interest when you borrow and minuscule interest when you save." Only 39% of Americans can meet a $1000 emergency.  Can you?  If you cannot, you are in dire straits.  About 80% of Americans live paycheck to paycheck.   Is you, then ditto.  Have a two month minimum, hopefully eight month financial cushion. Actually, much more if you're in your forties. About 38% of Millennials believe $200,000 is enough for retirement.  Do you?  Of course, this is ridiculous.  You need at least $1,000,000 just to begin thinking about ret

Letters to the President - I

Dear Mr. President, Today I’m writing about health-care fraud.  Fraud is a fact of every ultra-large government program.  Careful observers of such programs or systems note that expertise develops on which requests will be approved and which do not.  It is a simple conclusion for applicants to tailor requests to fit the parameters of acceptance.  Fraud in Medicare and related programs is acknowledged to be rampant, costing taxpayers multiple billions each year. This requires increased budgets and decreased honest benefit approvals. The acknowledged capitols of such fraud are Miami and NYC, particularly for medical equipment.  In fact, I’ve read that organized crime is involved, with their view that such activities (fraud) are far safer than traditional venues.  The fraud here is that the equipment is never delivered.  Even doctors are involved. I recommend you declare a “War Against Fraud,” wherein you franchise an undersecretary to Tom Price, Secretary of Health and Human

Fraud, Sickness, and Trump

A.     Fraud :   Beware, my friend, of anyone or any party that proposes to pay for any government program by eliminating fraud.   The fundamental problem with this claim is simply that the amount of fraud, how it is done, and to what fiscal extent are largely unknown – admittedly so by the feds.   Only special cases are understood.   Specifically, all flavors of federal medical care should be singled out.   Some estimate it amounts to $60,000,000,000/year.   Fraud is amazingly difficult uncover, to prosecute, and then to prove.   Even organized crime has recognized it as an income source far less dangerous or risky than traditional venues. Miami, for example, is considered the Medicare fraud center of America, with New York a close second. Fraud in the defense industry, largely through cost overruns, has been rampant for decades, but what has been done?   Give just one example? B.     Sickness to continue: ·        Democrats: Repealing Obamacare will "make America sick