1 Trending: Scott Pelley’s Hysteria Is A Good Sign That The Legacy Media Continue To Die A Painful Death

2 Trending: Kristen Welker’s Delusional Defense Of Brazen California Election Is Why Everyone Hates The Media

3 Trending: Heartbeat International Launches Tracker To Monitor Abortion Pill Poisonings

4 Trending: The SEC’s Mass Surveillance Of Investors’ Transactions Violates First Amendment

Ending Fraud Is Great But It’s Not Enough To Fix Medicare Insolvency

Washington policymakers can no longer ignore the mounting challenge of federal entitlements, especially Medicare.

Share Article on Facebook

Share Article on Twitter

Share Article on Truth Social

Share Article via Email

The Trump administration has launched a holy war against the rampant waste, fraud and abuse of taxpayers’ money. And, given the corruption uncovered thus far, the administration deserves enormous credit. 

Nowhere is this campaign more important than in the giant federal health programs, Medicare and Medicaid, which account for roughly $2 trillion in federal spending annually. Gustav Chiarello, assistant secretary for final resources at the U.S. Department of Health and Human Services, estimates that the average annual losses to waste and fraud range between $100 and $200 billion annually. While the Medicare trust fund — the account that pays for hospital services — faces insolvency in 2033, Dr. Mehmet Oz, administrator of the Centers for Medicare and Medicaid Services (CMS), has indicated that the government  “can double the life of the Medicare trust fund if we fix fraud.” 

That’s wishful thinking. Eliminating waste, fraud, and abuse will not ensure long-term solvency of the federal entitlement programs, eliminate deficits, and balance the federal budget.

The reason: Even the hoped for savings from Trump’s crackdown will be swamped by the massive expansion of federal entitlement spending, especially Medicare. Medicare spending will more than double, from $1.2 trillion to as much as $2.4 trillion, over the next decade. The Congressional Budget........

© The Federalist