When Medicare was signed in to law by President Johnson in 1965, it was intended to serve as a central funding resource for persons over 65 years, and people with disabilities. Over the years millions of people have benefited from the financial medical pool that Medicare is — providing healthcare resources to innumerable people in need. There is no denying that the founders’ vision and efforts are truly commendable. However, every coin has two sides to it, and of late the ugly side of Medicare has been rearing its head. Fraudulent healthcare practices by healthcare companies and individuals abusing their benefits have contributed greatly to the depletion of Medicare reserves. Senate Republicans estimate that frauds cost Medicare and Medicaid approximately 60 billion dollars annually. Read more →