The digs continue
The Wall Street Journal, in an article published yesterday, took another dig at the home medical equipment industry. The article, written by John Steele Gordon, questions the "government's track record in running economic enterprises." One of the examples Goron offers up: Medicare. Here's what he writes:
Other than the source of its premiums, Medicare is no different, economically, than a regular health-insurance company. But unlike, say, UnitedHealthcare, it is a bureaucracy-beclotted nightmare, riven with waste and fraud. Last year the Government Accountability Office estimated that no less than one-third of all Medicare disbursements for durable medical equipment, such as wheelchairs and hospital beds, were improper or fraudulent. Medicare was so lax in its oversight that it was approving orthopedic shoes for amputees.