Phyrfight Intel

I’ve added a category called “Our Money” dedicated to government waste and how our tax money is spent.

The first post is from Forbes via Britt.

Rx For Fraud

“Government spending on power wheelchairs climbed 450% between 1999 and 2003, to $1.2 billion. A report released last year by Health & Human Services’ inspector general found that only 13% of those it surveyed who got the most popular wheelchair met the Medicare coverage requirements. This is what happens when someone is spending other people’s money.

The four contractors that process Medicare’s wheelchair claims–Palmetto GBA, Cigna HealthCare, AdminaStar Federal and HealthNow New York–saw a spurt in spending as early as 1997, but the office that runs Medicare and Medicaid did not lead a coordinated response until 2003, says the Government Accountability Office.

(more…)

Gotchya!

But in all seriousness, Sony updated their online store today to show that the Blu-ray disc players have been delayed another 3 months. It would seem the technology giant is having serious issues getting their technology in order. Will this affect the release of the Playstation 3? Only time will tell.