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A Medicare fraud investigation has led to the arrest of 111 medical professionals and uncovered more than $225 million in bogus bills and claims. The investigation was brought to light on Thursday after the Medicare Strike Force announced the indictments on Thursday.
 
A Florida case shows that people bent on committing Medicare fraud are able to use doctors' identification numbers bilk the systems. An oversight report calls on the Medicare program to be more diligent in verifying the information. read more
 

60 Minutes - 60 Billion Dollar Fraud (October 25, 2009)

Airdate 10/25/09  U.S. taxpayers are being charged for an arm and a leg – prosthetics, that is, and thousands of them – as part of a huge Medicaid and Medicare billing scam that’s siphoning off an estimated $90 billion a year. In South Florida, Medicare fraud has pushed aside cocaine as the major criminal enterprise. The problem is so serious that U.S. Attorney General Eric Holder has organized a federal strike force. Steve Kroft reports.This product is manufactured on demand using DVD-R recordable media. Amazon.com’s standard return policy will apply.

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Federal prosecutors in Miami say a suspect in a $55 million Medicare fraud scheme spent big money on exotic cars, horses and jewelry.
 
Associated Press - January 4, 2010 3:34 PM ET MIAMI (AP) - Federal prosecutors in Miami say a suspect in a $55 million Medicare fraud scheme spent big money on exotic cars, horses and...

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