Medicare is going broke, but almost no one wants to cut any of it. In my Fox Business show on "Government Healthcare Gone Wrong," I reported how tax money is generously given to people who buy power wheelchairs. Commercials say you can get them at "little or no cost to you!" It's true. And about 170,000 people did last year!
But of course there is a cost, and taxpayers pick up the tab--about $700 Million last year.
Not all of them really needed a $3000 power wheel chair. Fraud and overspending has been a problem for the past decade. According to the US Inspector General, more than half of people who got the power chairs in 2007 never proved a need for them.
Click here for the full report.
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