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John Cornyn: “The amount lost to fraud each year in Medicare alone is 70…”

Featuring: John Cornyn, Republican | U.S. Senate, Texas

Sen. Cornyn on Texans' Medicare Cuts in Reid HC Bill - Floor Speech

Published December 1, 2009 | Video Starts at 11:54

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. And as I mentioned, improper payment rates, depending on where you look, range from anywhere from from 7.8% of all Medicare payments are paid improperly to as much as 12.4% depending on where you look. (11:54–12:01)

CLAIM

Asserts that Medicare loses $70 to $90 billion annually to fraud.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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John Cornyn

“The Senate Budget Committee has pointed out that this bill, fully implemented, would cost the American people $2.5 trillion.”
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“This bill, written by the Majority leader behind closed doors, increases taxes by nearly a half a trillion dollars on American families and…”
Sen. Cornyn on Texans' Medicare Cuts in Reid HC Bill - Floor Speech | Uploaded December 1, 2009 | 03:08-03:20
“According to the Congressional Budget Office, [the bill] increases health insurance premiums by $2,100 for American families purchasing…”
Sen. Cornyn on Texans' Medicare Cuts in Reid HC Bill - Floor Speech | Uploaded December 1, 2009 | 04:10-04:21
“This bill actually cuts $465 billion in payments to Medicare.”
Sen. Cornyn on Texans' Medicare Cuts in Reid HC Bill - Floor Speech | Uploaded December 1, 2009 | 05:11-05:19
“These cuts include $135 billion to hospitals, $120 billion from 11 million seniors on Medicare Advantage, including a half a million, or let…”
Sen. Cornyn on Texans' Medicare Cuts in Reid HC Bill - Floor Speech | Uploaded December 1, 2009 | 05:20-05:46
“$15 billion will be cut from nursing homes, $40 billion will be cut from home health agencies, and $8 billion from hospice care.”
Sen. Cornyn on Texans' Medicare Cuts in Reid HC Bill - Floor Speech | Uploaded December 1, 2009 | 05:48-05:59
“42% of physicians will not see a new Medicare patient because the payment rate is too low.”
Sen. Cornyn on Texans' Medicare Cuts in Reid HC Bill - Floor Speech | Uploaded December 1, 2009 | 06:37-06:44
“Medicare fee for service has, depending on where you read, somewhere between an 8 to 12% faulty payment rate.”
Sen. Cornyn on Texans' Medicare Cuts in Reid HC Bill - Floor Speech | Uploaded December 1, 2009 | 07:12-07:27
“This bill, if passed in its current form, will take away health care benefits from those 11 million seniors on Medicare Advantage by cutting…”
Sen. Cornyn on Texans' Medicare Cuts in Reid HC Bill - Floor Speech | Uploaded December 1, 2009 | 08:03-08:18
“The Congressional Budget Office acknowledged that Medicare Advantage cuts would mean fewer services like dental or vision.”
Sen. Cornyn on Texans' Medicare Cuts in Reid HC Bill - Floor Speech | Uploaded December 1, 2009 | 08:20-08:29
“This bill cuts $465 billion from the Medicare program.”
Sen. Cornyn on Texans' Medicare Cuts in Reid HC Bill - Floor Speech | Uploaded December 1, 2009 | 09:20-09:26
“The Obama administration found that there was at least $47 billion in Medicare fraud, and that's a conservative estimate.”
Sen. Cornyn on Texans' Medicare Cuts in Reid HC Bill - Floor Speech | Uploaded December 1, 2009 | 11:34-11:43
“Medicare fraud may consume as much as 15 to 20% of the $454 billion Medicare budget.”
Sen. Cornyn on Texans' Medicare Cuts in Reid HC Bill - Floor Speech | Uploaded December 1, 2009 | 11:45-11:54
“It is simply irresponsible to pillage nearly half a trillion dollars from a bankrupt Medicare program.”
Sen. Cornyn on Texans' Medicare Cuts in Reid HC Bill - Floor Speech | Uploaded December 1, 2009 | 14:50-14:57
“About $10 billion in cuts compared to $500 billion in cuts.”
Sen. Cornyn on Texans' Medicare Cuts in Reid HC Bill - Floor Speech | Uploaded December 1, 2009 | 15:22-15:29
“My second amendment will be to strike the unelected, unaccountable board of bureaucrats known as the Medicare Advisory Board.”
Sen. Cornyn on Texans' Medicare Cuts in Reid HC Bill - Floor Speech | Uploaded December 1, 2009 | 19:26-19:38
“The reed bill pillages $465 billion from the Medicare program to create a new entitlement.”
Sen. Cornyn on Texans' Medicare Cuts in Reid HC Bill - Floor Speech | Uploaded December 1, 2009 | 20:38-20:45
“The Medicare Payment Advisory Commission, created by Congress in 1997, has recommended more than $200 billion in cuts in the last year…”
Sen. Cornyn on Texans' Medicare Cuts in Reid HC Bill - Floor Speech | Uploaded December 1, 2009 | 21:08-21:21
“The very creation of the [Medicare Advisory] board was a result of a political deal between the White House that insulated hospitals from…”
Sen. Cornyn on Texans' Medicare Cuts in Reid HC Bill - Floor Speech | Uploaded December 1, 2009 | 21:51-22:00
“We should fix Medicare's unfunded liabilities of nearly $38 trillion and not steal from Medicare to create another unsustainable entitlement…”
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“This country simply cannot afford to spend $2.5 trillion on an ill-conceived Washington health care takeover.”
Sen. Cornyn on Texans' Medicare Cuts in Reid HC Bill - Floor Speech | Uploaded December 1, 2009 | 22:43-22:53