Obama Turned Down IBM Offer To Cut Medicare Fraud By $900 Billion in 2010

On February 23, 2011, Barbara Hollingsworth reported in the Washington Examiner that in 2010, the CEO of IBM offered the Obama administration a free software program that would have cut Medicare and Medicaid fraud by almost a trillion dollars, but he was turned down – twice.

“We could have improved the quality and reduced the cost of the health-care system by $900 billion,” IBM chairman and CEO  Samuel Palmisano said during a Sept. 14, 2010 taping of the Wall Street Journal’s Viewpoints program.  “I said we would do it for free to prove that it works. They turned us down.”

burningmoney1FOX News confirmed that a second meeting between Palmisano and Obama administration officials yielded the same result, even though the proffered fix would have eliminated 90 percent of the nation’s health care deficit – and cost taxpayers nothing it didn’t perform as guaranteed.

Now, why do you think Obama would have turned down such a generous opportunity? Because entitlement fraud burdens the economy – something at which the administration, its cohorts and co-conspirators have been working diligently for decades. Spending half a billion on a website that doesn’t work of course contributes to that burden.

Remember: ACORN was founded (by Obama cronies) to burden the entitlement system to the breaking point; it wound up almost doing so via the mortgage banking industry through the Community Reinvestment Act. Obamacare is another step in the same direction. In accepting IBM’s offer of reducing fraud in entitlement structure, Obama would actually have been working against his own agenda!

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