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.

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2 Responses to Obama Turns Down IBM Offer To Cut Medicare Fraud By $900 Billion Dollars

  1. sid says:

    to the editor……….. remind me to give you my sourse when we get together.. sid ……….

  2. sid says:

    this is second time i have heard that by good practices that there were un-believable saving for the government …… the first time it was stated that the national debt could be ellimated [sp]………. sid .. follow the money ..

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