O Turns Down Chance to Save Almost a Trillion $
Jul 21, 2011 13:51:36 GMT -5
Post by PrisonerOfHope on Jul 21, 2011 13:51:36 GMT -5
Obama Turns Down IBM Offer To Cut Medicare Fraud By $900 Billion Dollars
BELTWAY CONFIDENTIAL
The CEO of IBM offered the Obama administration a free software program that would have cut Medicare and Medicaid fraud by almost a trillion dollars, but he was turned down – twice.
By Barbara Hollingsworth – Washington Examiner, February 23, 2011
“We could have improved the quality and reduced the cost of the health-care system by $900 billion…I said we would do it for free to prove that it works. They turned us down, “IBM chairman and CEO Samuel Palmisano said during a Sept. 14, 2010 taping of the Wall Street Journal’s Viewpoints program.
FOX News confirmed that a second meeting between Palmisano and Obama administration officials yielded the same result: “No thanks!” – even though the proffered “fix” would have eliminated 90 percent of the nation’s health care deficit – and cost taxpayers nothing it didn’t perform as guaranteed.
Yet Medicare/Medicaid fraud is still rampant. According to the Manhattan Institute’s Steven Malanga,”abuses of Medicaid (alone) eat up at least 10 percent of the program’s total cost nationwide — a waste of $30 billion a year. Unscrupulous doctors billing for over 24 hours per day of procedures, phony companies invoicing for phantom services, pharmacists filling prescriptions for dead patients, home health-care companies demanding payment for treating clients actually in the hospital — on and on the rip-offs go.”
Now that Republicans are trying to repeal Obamacare and drastically cut federal spending at the same time, perhaps Palmisano can be persuaded to offer his services again.
Read more at the Washington Examiner: washingtonexaminer.com/blogs/beltway-confidential/2011/02/ibm-exec-offers-save-900-billion-health-care-costs-obama-turned-h#ixzz1EncE23Cs
BELTWAY CONFIDENTIAL
The CEO of IBM offered the Obama administration a free software program that would have cut Medicare and Medicaid fraud by almost a trillion dollars, but he was turned down – twice.
By Barbara Hollingsworth – Washington Examiner, February 23, 2011
“We could have improved the quality and reduced the cost of the health-care system by $900 billion…I said we would do it for free to prove that it works. They turned us down, “IBM chairman and CEO Samuel Palmisano said during a Sept. 14, 2010 taping of the Wall Street Journal’s Viewpoints program.
FOX News confirmed that a second meeting between Palmisano and Obama administration officials yielded the same result: “No thanks!” – even though the proffered “fix” would have eliminated 90 percent of the nation’s health care deficit – and cost taxpayers nothing it didn’t perform as guaranteed.
Yet Medicare/Medicaid fraud is still rampant. According to the Manhattan Institute’s Steven Malanga,”abuses of Medicaid (alone) eat up at least 10 percent of the program’s total cost nationwide — a waste of $30 billion a year. Unscrupulous doctors billing for over 24 hours per day of procedures, phony companies invoicing for phantom services, pharmacists filling prescriptions for dead patients, home health-care companies demanding payment for treating clients actually in the hospital — on and on the rip-offs go.”
Now that Republicans are trying to repeal Obamacare and drastically cut federal spending at the same time, perhaps Palmisano can be persuaded to offer his services again.
Read more at the Washington Examiner: washingtonexaminer.com/blogs/beltway-confidential/2011/02/ibm-exec-offers-save-900-billion-health-care-costs-obama-turned-h#ixzz1EncE23Cs
