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Reaping millions from Medicaid?
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Non-profit executives taking in huge salaries
- Duration 3:12
- Date Feb 6, 2013
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Transcript
This transcript is automatically generated
An explosive new congressional report exposing massive waste with top Medicaid executives bankrolling.
Millions of dollars.
Of your money.
The report which focuses on New York shows one executive making two point eight million dollars fourteen -- making.
A half a million dollars and hundreds and salaries of 200000 dollars or more.
How is that possible Betsy McCoy is a former lieutenant governor of new York and author of latest issue which I mean did they just keep coming right.
Well that's right but here's the key and -- New York is atypical but it's kind of -- The New York is.
The Medicaid fraud capital of the nation and these executive salaries you just talk about.
It's just a little pimple on this on the nose at this big Medicaid fraud giant.
The billions of dollars are going toward.
Excessive in wasteful services like personal shoppers and that town cars for -- doctor's visits and other things like that.
Because -- more -- New York State spends on Medicaid the more they get in federal matching that's right in New York Medicaid is a verb.
The more they spend the more matching dollars -- get from the federal government it's true for every state every state -- -- -- but in New York which has an.
Embedded culture of corruption here the -- it has stimulated.
Wildly.
Excessive spending 4000 dollars today paid for each patient in a residential facility unfortunately we're not -- It's not going to that any New York -- it doubled the cost of even California which doesn't even come close to the population -- payments to dentists who claim they treat 900 patients -- day.
That's crazy let's take a look at some of these the fat salaries people again.
-- -- Peter Campanelli the CEO of institute for community.
He's getting two point eight million taxpayer dollars Dennis.
Byrd's seat of -- haven center of hope salary.
As -- a million Philip Levy or Levy.
Young adult institute his salary -- look at that 860000.
And William.
-- now low hard -- human services 507.
And these holes are sadly not for profits but that doesn't limit the kind of -- that's paid although it sure I didn't.
But as I said even though these amounts seem excessive and they clearly are outrageous the they pale compared -- -- Buckets of money the billions of dollars being spent lavishly.
In many cases for nonexistent services and there is a solution what is -- -- say what it has.
It is -- -- solution is block granting the federal money to each state which means instead of doing really well.
Every dollar -- -- doesn't matter whose idea it is.
If you sent your teenager for every dollar you spend I'm gonna give -- a dollar do you think there'd be any limit absolutely and that's exactly what's happening and undo obamacare it's gonna get worse because the federal government is saying.
What have you know eighty cents -- on every dollar you spend for some of these eligible people.
And so what's going to be even more excessive.
She's an expert on it she's written a book beating Obama care Betsy McCoy could think you.
