Medicare’s Pay & Chase Phenomenon
May 3, 2013
Forget about drug-dealing, Medicare fraud is becoming America’s new get rich quick scheme of choice. Why? Because it’s easy money, with little threat of prosecution. An article in the Broward Palm Beach New Times explains the crime is so widespread, prosecutors don’t even bother going after anyone unless they’ve stolen $500,000 or more.
Reporter Chris Parker rode along with agents, driving by strip mall after strip mall packed with pop-up medical clinics that authorities say game the system. First , the money comes fast and easy. Medicare generally pays invoices first and pursues criminals later, only after time-consuming audits. It’s a phenomenon that’s become known as “pay and chase” by insiders.
The sheer volume of offenders makes going after the bad guys overwhelming, and the bad guys know it. Click here to read more about the onslaught of Medicare fraud in the New Times report on how Medicare fraud has become big business in South Florida.
Employees within these clinics and even big hospitals are generally the whistle-blowers who come forward to expose the fraud. Authorities depend on these citizens to stop the systemic fraud that’s ripping off taxpayers. Click here to learn more from the James Hoyer Law Firm about how and why to become a whistle-blower if you have inside knowledge about fraud against the government.
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