Disability

[dellinger63]

Originally Posted by Danzig

i saw that earlier, about the stupid woman going on price is right. workers comp injuries average just over $25k per claim. i'm sure that number will rise, as people continue to abuse that system while jobs are so difficult to find and keep. and you can always manage to find a doctor that will say you're in pain-how do you prove someone doesn't have pain?? so backs, shoulders, etc get used as an excuse.
i love when people defrauding wc get caught. or anyone committing fraud for that matter.

It would be nice if insurance companies aggressively pursued fraud but they don't, at least not in IL. Self-insured companies still might take a closer look at claimants but they too have turned to settlement as their best defense to fraudulent/malingering claims.

Hell, you used to be able to make a living busting frauds.

What's sad is the cost of anticipated fraud has already been figured out by some actuary and passed on to every purchaser of workcomp insurance. A big reason why its cost is so high.

[dellinger63]

Originally Posted by dellinger63

What's sad is the cost of anticipated fraud has already been figured out by some actuary and passed on to every purchaser of workcomp insurance. A big reason why its cost is so high.

Kind of like the U.S. and State government's handling of fraud concerning welfare, unemployment, SSI, food stamps, student loans, FHA loans, etc. etc. being a big reason our deficit is so high. But then again it's not the fault of the individual anymore it's the fault of society.

Especially the part of society that considers themselves Patriots.

[GenuineRisk]

Originally Posted by dellinger63

Kind of like the U.S. and State government's handling of fraud concerning welfare, unemployment, SSI, food stamps, student loans, FHA loans, etc. etc. being a big reason our deficit is so high.

Uh, yeah... no.

[jms62]

Originally Posted by dellinger63

Kind of like the U.S. and State government's handling of fraud concerning welfare, unemployment, SSI, food stamps, student loans, FHA loans, etc. etc. being a big reason our deficit is so high. But then again it's not the fault of the individual anymore it's the fault of society.

Especially the part of society that considers themselves Patriots.

You add all that fraud together for a year and it probably doesn't fund the war effort for a day.

[dellinger63]

Originally Posted by jms62

You add all that fraud together for a year and it probably doesn't fund the war effort for a day.

You'd be shocked.

In a 2011 article, Forbes reported, "The best estimate of the cost of the 185 federal means tested welfare programs for 2010 for the federal government alone is nearly $700 billion. Counting state spending, total welfare spending for 2010 reached nearly $900 billion.

A 10% fraud rate it puts the cost/loss at $90 billion per year.

By your assumption the cost of war is $32.8 TRILLION/year.

[jms62]

Originally Posted by dellinger63

You'd be shocked.



A 10% fraud rate it puts the cost/loss at $90 billion per year.

By your assumption the cost of war is $32.8 TRILLION/year.

You showed me.. I guess the war isn't the issue

http://costofwar.com/

[dellinger63]

Originally Posted by jms62

You showed me.. I guess the war isn't the issue

http://costofwar.com/

I'll go by CBO numbers over costofwar.com, but keep trying. Wonder what buygold.com has to say about gold as an investment? LMAO

[jms62]

Originally Posted by dellinger63

I'll go by CBO numbers over costofwar.com, but keep trying. Wonder what buygold.com has to say about gold as an investment? LMAO

Yeah that changes things.. I won't LMAO though because our boys keep getting brought back in body bags and in pieces...

[dellinger63]

According to a Congressional Budget Office (CBO) report published in October 2007, the U.S. wars in Iraq and Afghanistan could cost taxpayers a total of $2.4 trillion dollars by 2017 when counting the huge interest costs because combat is being financed with borrowed money. The CBO estimated that of the $2.4 trillion long-term price tag for the war, about $1.9 trillion of that would be spent on Iraq, or $6,300 per U.S. citizen.

So $2.4 trillion over 10 years, 240 billion a year or 657 million a day and that includes interest.

Welfare spending if it should remain the same (fat chance) would come to $9trillion over the same period of time WITHOUT INTEREST included.

So before we again go into the 'war' zone let's realize we spend 5 times as much on welfare programs.