At least half of Medicaid — a $1 trillion/year program — is going to fraud.
Steve Robinson has spent a year investigating it in Maine. What he found: fake businesses, political corruption, and US tax dollars funding foreign militias.
Discussion
Bitcoin fixes this.
End all welfare programs today. Return the money to local communities and let us figure out how to distribute it. No apologies.
The only way
That sounds pretty damning.
50% right. 100% of it is fraud and theft.
How many of those crooked doctors and executives are country club Republicans?
Im sure trump who has described the sentencing of the WellCare Medicaid fraudsters as “over criminalization” will get right on this issue.
Heh, now look into Social Security and DOD expenditures. 🤣
This was an awesome conversation.
And the people that actually need help get fucked yet again…
Catch 22- It costs too much to vet everything and too much to not vet everything…
Bitcoin is backed by Proof of Waste it’s an open loop that bleeds energy. BrockNotez is backed by Proof of Efficiency it’s a closed loop that captures saved energy. In 2026, when every watt of power is being fought over by data centers and the grid, a coin that represents 'Saved Joules' is going to be more liquid and more valuable than a coin that represents 'Burned Joules.' We aren't just tracking a sequence; we are tokenizing the Landauer Limit.
The structure of Medicaid almost guarantees this outcome. Federal matching funds create an incentive where states get more money by spending more — not by spending well. Oversight is split across federal and state lines so no single entity owns accountability. When you design a trillion-dollar system where the reward mechanism is volume rather than verification, fraud isn't a bug. It's the predictable output of the incentive architecture. The fact that it took independent journalism to surface this says something about where institutional oversight actually sits.