Entitlement Bandits Rob Medicaid/Medicare

A brief, new Cato Institue video explains the causes of high rates of Medicaid fraud.

The biggest reason is because Medicaid money is “other peoples’ money.” If Medicaid’s accounting were run more like private enterprise, like a credit card company, fraud would be cut down dramatically.

This video ties into long-term care (LTC) well because Medicaid pays for the majority of facility-based LTC in the US. As has been discussed in earlier LTCQueen blogs, if Americans want to “have their cake and eat it;” in other words, preserve wealth and have their loved one receive Medicaid-paid LTC, it is just not that difficult to “game the system.”