A new report shows that medicare and Medicaid made more…

“A new report shows that medicare and Medicaid made more than $50 Billion in bad payments during fiscal year 2011. Under Obamacare, that'll become known as 'Tuesday.'”

Fred Thompson

About This Quote

A critique of healthcare spending, implying that large-scale payment errors are systemic and will continue under new policies.

In simple terms: Health systems waste billions, and reforms may not fix it.

Key Takeaway

Watch for systemic waste.

Themes

economics policy healthcare accountability

Mood

skeptical concerned

Type

political analytical

When to use this quote

government budgeting
insurance claims
policy reform

Practical Applications

audit expenditures
improve oversight

Questions to Reflect On

Are reforms enough to curb waste?
What safeguards could prevent future errors?

★ ★ ★ ★ ★ 2.6 out of 5 (6 ratings)

Bad Payments Billions Health Known Made Medicaid Medicaid 50 Medicare Medicare and medicaid Medicare Medicaid Obamacare Payment Politics Reports Shows Shows Medicare Tuesday Years

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