Summary
Elon Musk announced plans to cut federal entitlement spending, claiming without evidence $500-700 billion in annual "waste and fraud" from programs like Medicare and Social Security.
Analysts dispute this figure: “There is not $500 to $700 billion of waste in benefit programs every single year ― that number is absurdly large.”
True inefficiencies lie in Medicare Advantage. Insurers overcharge the government by $80 billion annually, with government auditors finding it costs 20% more than traditional Medicare.
However, the Trump-Musk administration's approach of closing regional HHS legal offices and appointing TV doctor Mehmet Oz to oversee Medicare suggests they may target entitlements themselves rather than merely addressing inefficiencies.
8 Comments
mooncake@lemm.ee · 45 pts · 1y
Musk thinking he's an elected official.
Deport this fucktard already.
wirebeads@lemmy.ca · 38 pts · 1y
Prison. The fucktard need to be in prison. He’s doing very illegal things and hurting millions of citizens in order to empty the bank accounts and transfer the money.
earphone843@sh.itjust.works · 19 pts · 1y
I think the penalty for treason is a bit harsher.
foggy@lemmy.world · 17 pts · 1y
If the government fails to act we shall pray to the Nintendo gods.
blakenong@lemmings.world · 6 pts · 1y
Or just be the god. Please.
Flightbird386@lemmy.world · 1 pts · 1y
MyOpinion@lemm.ee · 25 pts · 1y
This was always the plan. From the day these programs were put in place Republiscum have been trying to destroy them.
pdxfed@lemmy.world · 12 pts · 1y
Post office, national parks, anything that can be sold and privatized to the highest bidder.