Opinion | Commercial Defrauding of Uncle Sam—Biggest Booming Business

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'Neither Congress nor the White House has met this challenge of titanic corruption which should become a major campaign subject in the coming elections.'

"Neither Congress nor the White House has met this challenge of titanic corruption which should become a major campaign subject in the coming elections."The biggest business in America is stealing and defrauding the federal government, Uncle Sam, and you the taxpayers. In terms of sheer stolen dollars, the total amount is greater than the annual sales of Amazon and Walmart over the past two years.

Of the $360 billion in annual billing fraud by the health care industry, over $100 billion is fraud on Medicare and Medicaid. From the beginning, I called members of Congress to caution them to draft very tight language in the giant rescue and infrastructure programs in order to foresee and forestall the predictable giant heist. There were some provisions—expanding enforcement budgets and inserting certain general review obligations on government agencies. But it was massively too little and too late— and utterly inadequate for the volume of coming robberies.

 

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 /  🏆 530. in PT

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