Congressman Peter Roskam, Deputy Whip and a member of the Ways and Means Committee, issued the following statement on testifying before the Energy & Commerce Health Subcommittee on reducing Medicare fraud:
"In America today, when the national debt is large enough to hold back an economic recovery, we should be eliminating every wasted penny in every corner of the budget. Medicare fraud, which is up to $60 billion annually is not merely a tidy pile in the corner of the budget, but a stinking mess in the middle of the room. Luckily, there's a solution that the private sector has used successfully for years: predictive modeling technology that recognizes atypical behavior and stops fraudulent payments before they happen.
Results speak volumes: the credit card industry processes $11 trillion every year, yet only 0.047% of the transactions are fraudulent. Medicare is 25 times smaller than the credit card industry, but suffers 12 times more fraud. This is the kind of waste that drives people crazy. We can do better. The solution is proven and reliable, and Speaker Pelosi should schedule a vote on this legislation for our seniors who rely on Medicare, and for the taxpayer that is desperate for the federal government to take advantage of any chance to reduce fraud, waste and debt."
Roskam's bill, the Fighting Fraud with Innovative Technology Act (H.R. 5546), is supported by the White House and backed by AARP, Citizens Against Government Waste, the National Healthcare Anti-fraud Association and the American Association for Homecare.