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Moyn believes expanding elder entitlements would encourage older people to release wealth, as they hoard it partly due to the inadequacy of the welfare state and Medicare's exclusion of long-term care.
A coordinated federal and state action charged 455 defendants across 56 jurisdictions in 14 days for healthcare fraud schemes, involving over $6.5 billion in false claims to Medicare and Medicaid.
Medicare and Medicaid fraud in the US totals hundreds of billions of dollars, involving schemes like fake hospices, daycare centers, and fraudulent autism diagnoses.
Memorial Sloan Kettering calculated that Medicare patients without supplemental insurance would pay roughly $2,200 per month out of pocket for Zaltrap, leading the hospital to boycott the drug and publish a New York Times op-ed.
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