Following up on what Holly presented this morning, I've produced a short video with the Cato Institute's Michael F. Cannon detailing some of the particularly nasty aspects of Medicaid/Medicare fraud.

One of the issues that makes Medicaid/Medicare fraud so intractable is that the lawmakers who approve the programs' spending have muted incentives to crack down on fraud since any antifraud program would impose costs on constituents. If you haven't yet, read John Garen's report on Medicaid in Kentucky.