[May 30, 2007 @ 5:48 am] Stuart Browning

We hear ad nauseum from the single-payer left about the supposed administrative efficiency of Medicare and Medicaid. Since insurance companies must control waste and fraud in order to make a profit for shareholders they are deemed inefficient. However, government can draw from the seemingly bottomless well of tax revenues. Here’s the result:

In what was described as one of the biggest healthcare fraud cases ever in South Florida, federal prosecutors on Friday accused a couple of leading a billing company that bilked Medicare out of $56 million over a six-year stretch.

Mabel and Abner Diaz were accused of operating All-Med Billing Corp. of Miami Lakes in a scheme that used 29 durable medical equipment firms to submit false claims to Medicare.

“This is one of the most important cases ever filed by our office,” U.S. Attorney R. Alexander Acosta said. “This is our money which could have been used to treat patients rather than line the pockets of the accused.”

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