Newsweek Discovers Scams Exist, Missed the Biggest Medicare Heist
Medicare scams targeting seniors have purportedly surged by 40 percent. This Newsweek alarm rings loud while the systematic looting of American healthcare goes largely unmentioned. In 2023 alone, the US government spent over $4.8 trillion on healthcare . A significant portion of this, hundreds of billions annually, is absorbed by administrative bloat, price gouging by pharmaceutical corporations,
and for-profit medical systems—all perfectly legal, of course. For example, insulin costs ten times more in the US than in other developed nations, with no corresponding increase in efficacy. So, while grandmas get duped out of a few hundred, major corporations legally extract billions in inflated costs and predatory pricing, making Medicare a piggy bank for executives, not patients. Newsweek's
'scam' focus is a classic misdirection: point at the pickpockets while the bank vault is hauled away in broad daylight by 'legitimate' businesses. One might wonder who benefits more from this narrow framing.