On May 19, the U.S. House of Representatives Committee on Ways & Means, Subcommittee on Health will be having a hearing on improving competition in Medicare by removing moratoria and expanding access. Medicare fraud is a serious problem. The Medicare bureaucracy has the power to impose moratoria on new providers in geographic or program areas it deems susceptible to fraud.
However, preventing new competitors from providing Medicare benefits reduces competition and cannot reduce fraud by incumbent providers. A better way would be to give Medicare beneficiaries a financial interest in combating fraud.
Read the entire column at Forbes.