So Obama has incorporated the Republican recommendation of using private sector auditors to go after Medicare fraud with the expectation that these private auditors get to keep a portion of what they are able to save taxpayers. In theory, this sounds like a great idea. In practice, this is going to be a disaster.
Specifically, in the first few years, you can expect profit-driven auditors to go after even legitimate doctors to get their pound of flesh. This is going to create a paperwork and legal nightmare for physicians that make Trial Lawyers look like Dixie cup salesmen.
Next, expect doctors to either be driven out of the profession by this increased risk or to drop Medicare entirely. In either case, older Americans will still effectively lose Medicare.
On the plus side, this will save Medicare money. On the downside, this is going to create a huge political liability for anyone associated with it. If the Dems pass it and Obama signs it, they are completely nuts.
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http://bible.cc/1_corinthians/13-11.htm