According to a report released yesterday, Medicare will save $8 billion over the next year due to reform, and consumers will save, as well. I realize there is skepticism about this; how can everybody save money without reducing benefits. The answer: by reducing fraud and waste.
When I worked for the Attorney General's Office here in Connecticut, I focused on Medicaid fraud. It was astounding to see the millions of dollars being thrown away by duplicate payments, all kinds of administrative waste, and outright fraud. My experience tells me the same must be true in Medicare. So if the government goes at it right, I believe we will all see huge savings. Jennifer