@SebastianCaliri@zachweinberg CMS recently changed the payment terms/regs so wound care isn't a fraud magnet anymore. But yeah this growth was nearly 100% fraud. It'll deflate fast but some new scheme will take its place. Medicare fraud is whack a mole.
@compound248 Even putting aside the absurdity of Berkshire swing trading, if insider trading were legal back then, this would mean that Buffett would still have managed to dominate a playing field full of other legal "insider" traders. So you'd still have to give the man props.
@pegobry_en The tax advisory is the blackmail. You sell people on tax havens that appear kosher but are not, they pay you for that service and follow your advice, you then use the illegality of the tax strategy as blackmail in the future (there is no statute of limitations for tax fraud)
@adamsteinbaugh The statute of limitations on these claims is 2 years! This happened 5-6 years ago. Even the criminal case against Littlejohn is >2 years old so you can't use the discovery rule to get around timeliness.
@MsMelChen This is the same admin that nuked public support for immigration enforcement (their one true mandate) within a year. Cannot overstate their incompetence.
@buccocapital Bigger prob for contractors is customers asking LLMs what a job should cost and using that to negotiate. Also PE-owned contractors needlessly push people into new installs/replacements and an LLM can tell you that that is a dogshit upsell.
@xwanyex Somewhat ironic because the free speech restrictions that historically existed in the US (until SCOTUS gave 1AM real teeth in early 1900s) were generally to the favor of majority groups at the expense of minorities.
@chamath This is almost right. Premiums rose at steep rates long before ACA. Real prob with MLR is you can game it by vertical integration - which is why insurers now own pharmacies, clinics, etc. Overpay captive entities, call it med care "expenses", dodge MLR profit ceiling. Easy fraud!
@sporadica@burntbulb This is what real estate taxes are... and for the middle class that's an annual tax on much (for many, most) of their wealth. Not defending the CA proposal (it's dumb) but wealth taxes are not foreign to American life.
@PTrubey@JohnGiannone9@chamath Don't believe so, but whether he did the data mining or his law firm did (and used him as a stalking horse) is another matter. His name is public, Wade Riner. He's not the only one. The issue is that data miners usually get a lower statutory cut than conventional whistleblowers
@BillAckman The US has this bounty system already. For fraud on fed gov it's the False Claims Act and most states have similar bounty laws for fraud on state gov. Problem is the $ made by the avg strip mall fraud scheme is largely gone by the time the case resolves.
@joshuasforrest@MattBruenig HSA admins aren't gatekeepers. They look at whether you have an LMN, not whether it's legit. Liability is the taxpayer's. This is the reason that Trumed "works" in the sense that the IRS is the sole guardian of the system and the odds the IRS audits anyone are super low.
@MattBruenig@joshuasforrest The IRS essentially called them out last year... but whether this admin is going to do anything about it is another matter https://t.co/VX8TNtvbj7
@brandonkumar The sell on Harvey isn't that it's good (it's not). It's that if a firm doesn't buy it, their attorneys will be tempted to use ChatGPT etc., get a crap output or breach confidentiality, and end up in hot water. It's very expensive reputation insurance.
@MikeBenzCyber This is comically fake. TPUSA has ~850 college chapters currently. Nevermind that there aren't even close to 9000 colleges in this country to begin with.
@wanyeburkett The U.S. penalizes citizens more for nearly all major crimes compared to other Western countries. DUI is the one big (and very stupid) exception.