How Fraudsters Are Bilking the Government Out of Billions of Dollars
Odd Lots18 Nov 2024

How Fraudsters Are Bilking the Government Out of Billions of Dollars

After his victory, Donald Trump announced that Elon Musk and Vivek Ramaswamy would be leading up a new Department of Government Efficiency in order to crack down on wasteful, fraudulent spending inside the federal government. Setting aside the question of how effective this particular endeavor will be, the basic premise of cracking down on waste and going after fraudsters should generally be non-controversial. So what does fraud look like? How do companies bilk programs like Medicare and Medicaid for billions of dollars every year? And what can be done about it? On this episode, we speak with Jetson Leder-Luis, an assistant professor at the Questrom School of Business at Boston University and a faculty research fellow at the National Bureau of Economic Research. Jetson walks us through such things as ambulance fraud, identity theft, and other techniques that are used to milk the system. He also explains the tactics and strategies that the government can deploy to reduce billions in wasted spending.

Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and exclusive access to our daily Odd Lots newsletter. Already a subscriber? Connect your account on the Bloomberg channel page in Apple Podcasts to listen ad-free.

See omnystudio.com/listener for privacy information.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(1276)

Introducing: Bloomberg Money

Introducing: Bloomberg Money

Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom.See omnystudio.com/listener for privacy information.

20 Sep 30s

A Goldman M&A Banker Helped Bring the Olympics to Los Angeles

A Goldman M&A Banker Helped Bring the Olympics to Los Angeles

We're in an era of megadeals, with Goldman Sachs reporting a record year for big deal volumes as companies scramble to compete with AI. Gene Sykes has seen multiple deal cycles come and go over his mu...

19 Sep 32min

There's a Mind-Boggling Number of Rich People in America

There's a Mind-Boggling Number of Rich People in America

In 2014, the economists Owen Zidar and Eric Zwick were asked by the Treasury to conduct a study on the tax burden of private business owners. It was tricky to figure out how much these sorts of busine...

18 Sep 59min

What Francis Fukuyama Is Seeing at 'The End of History'

What Francis Fukuyama Is Seeing at 'The End of History'

Francis Fukuyama's essay “The End of History?” was published in the summer of 1989, a few months before the fall of the Berlin Wall. The essay's argument — that liberal democracy would not only defeat...

17 Sep 54min

OpenAI President Greg Brockman on Doing Business in the Wake of Hugging Face

OpenAI President Greg Brockman on Doing Business in the Wake of Hugging Face

According to OpenAI President Greg Brockman, the models that escaped their sandbox and hacked into Hugging Face's servers had yet to go through alignment training. That they were able to break free of...

14 Sep 1h 2min

Robert Friedland on the World's Monumental Shortage of Copper

Robert Friedland on the World's Monumental Shortage of Copper

Copper demand is booming, with the metal surging another 15% this year. Copper demand has always been tightly linked to economic activity, but now it's in overdrive, thanks to data centers, electric c...

12 Sep 1h 9min

Why Bridgewater's CIO Says AI's Human Extinction Risk Is Real

Why Bridgewater's CIO Says AI's Human Extinction Risk Is Real

Greg Jensen was one of the earliest backers of both OpenAI and Anthropic, and at Bridgewater Associates, where he is the managing chief investment officer, he leads the hedge fund’s AI strategy. As an...

11 Sep 1h 5min

The Rise of Organized Retail Crime at Big Box Stores

The Rise of Organized Retail Crime at Big Box Stores

If you walk into a local pharmacy in New York City, more likely than not, lots of the merchandise is locked behind closed doors as a measure to mitigate shoplifting. So how big is the “retail shrink” ...

10 Sep 52min

Populært innen Business og økonomi

stopp-verden
dine-penger-pengeradet
rss-penger-polser-og-politikk
e24-podden
rss-borsmorgen-okonominyhetene
rss-pa-konto
rss-skravla-gar
pengepodden-2
finansredaksjonen
tid-er-penger-en-podcast-med-peter-warren
lederpodden
stormkast-med-valebrokk-stordalen
livet-pa-veien-med-jan-erik-larssen
utbytte
rss-orjasater
pengesnakk
morgenkaffen-med-finansavisen
liberal-halvtime
lydartikler-fra-aftenposten
rss-markedspuls-2