Reply #8: The severity of punishment for the types of crimes that undercut the foundation of our society [View All]

[Cool Logic]

are not sufficient to deter perpetrators.

Fraud will cost Medicare and Medicaid about $100 billion this year. Clearly, that this money is seriously needed to provide medical care for American citizens.

Bernie Madoff was sentenced to 150 years imprisonment and forfeiture of $17.179 billion, for Securities fraud, investment adviser fraud, money laundering, making false filings with the SEC, theft from an employee benefit plan.

If we are serious about eliminating the fraud in Medicare and Medicaid, we should institute a one-strike and your piece is off the board forever policy, for this type of crime.