IBM offered to help reduce Medicare fraud for free.
Chairman and CEO of IBM, Samuel J. Palmisano, approached President Obama and members of his staff, before the healthcare bill debates, with a plan that would reduce healthcare expenditures by $900 billion.
The cost to the federal government for this program was nothing. And after two meetings, President Obama and his team, said, "Thanks but no thanks" and then embarked on passing one of the most despised pieces of legislation in US history.
Samuel J. Palmisano, the Chairman of the Board and CEO for IBM, said in a recent Wall Street Journal interview that he offered to provide the Obama Administration with a program that would curb healthcare claims fraud and abuse by almost one trillion dollars but the Obama White House turned the offer down.
Mr. Palmisano is quoted as saying during a taping of The Wall Street Journal's Viewpoints program on September 14, 2010:
"We could have improved the quality and reduced the cost of the healthcare system by $900 billion ... I said we would do it for free to prove that it works. They turned us down."A second meeting between Mr. Palmisano and the Obama Administration took place two weeks later, with no change in the Obama Administration's stance. A call placed to IBM on October 8, 2010, by FOX News confirmed, via a spokesperson, that Mr. Palmisano stands by his statement.
Speaking with FOX News' Stuart Varney, Mort Zuckerman, Editor-in-Chief of US News & World Report, said, "It's a little bit puzzling because I think there is a huge amount of both fraud and inefficiency that American business is a lot more comfortable with and more effective in trying to reduce. And this is certainly true because the IBM people have studied this very carefully. When Palmisano went to the White House and made that proposal, it was based upon a lot of work and it was not accepted."
Obama would have saved our country almost $1 trillion in healthcare expenditures.
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