The Obama administration found that there was at least $47 billion in Medicare fraud, and that's a conservative estimate. According to another to a Harvard professor, Malcolm Sparrow, Medicare fraud may consume as much as 15 to 20% of the $454 billion Medicare budget. That means the amount lost to fraud each year in Medicare alone is 70 to 90 billion dollars a year. (11:45–11:54)
CLAIM
Asserts that Medicare fraud may consume 15% to 20% of the Medicare budget.
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