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I am going to be introducing the Medicare Transaction Fraud Prevention Act, which will be very simply for all the fraud that comes around it using the same tools credit card companies have used for a long time.
What we just listened to there, it is going to get worse because we are at the leading edge of this technology.
I am going to be introducing the Medicare Transaction Fraud Prevention Act, which will be very simply for all the fraud that comes around it using the same tools credit card companies have used for a long time.
The amount, by the way, is $60 billion a year. Defrauding Medicare. It is a lot.
I hope that we can continue to learn from industry's promising advances and integrate these solutions gradually and carefully.
I believe getting beneficiary feedback along with being able to use the latest tools--most other places that do well with preventing fraud are already doing both.
It is important I think the Government embraces the technology so it understands it.
It is fundamental in our system that if you are harmed, you have a remedy.
What we just listened to there, it is going to get worse because we are at the leading edge of this technology.
It is very important that we keep this in the discussion mode. Be sure that we don't smother the technology because it is already out there.
While some of my colleagues have called for a heavy handed Federal approach to AI, I am very concerned that we don't smother it because it is already out there.
When you have got that kind of fraud nipping at its flanks, something has got to give.
AI obviously can be used for that. It also may be the tool that you can use against it.
While some of my colleagues have called for a heavy handed Federal approach to AI, I am very concerned that we don't smother it because it is already out there.
It is very important that we keep this in the discussion mode. Be sure that we don't smother the technology because it is already out there.
AI obviously can be used for that. It also may be the tool that you can use against it.