$5.9 billion in a bill which over full 10 years of implementation will cost the American taxpayer $2.5 trillion. Instead of cutting Medicare, we should be addressing this problem though, and we know it's a serious problem. 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. (11:34–11:43)
CLAIM
Asserts that the Obama administration found at least $47 billion in Medicare fraud.
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