The Medicare Transaction Fraud Prevention Act, which we are rolling out, is to empower CMS to use this tool to catch fraudsters.
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When you have got that kind of fraud nipping at its flanks, something has got to give.
The amount, by the way, is $60 billion a year. Defrauding Medicare. It is a lot.
It is fundamental in our system that if you are harmed, you have a remedy.
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.
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.
AI obviously can be used for that. It also may be the tool that you can use against it.
It is important I think the Government embraces the technology so it understands it.
What we just listened to there, it is going to get worse because we are at the leading edge of this technology.
The Medicare Transaction Fraud Prevention Act, which we are rolling out, is to empower CMS to use this tool to catch fraudsters.
What do we lose to actually learn from it when we are not talking to the people that actually get defrauded?
When you have got that kind of fraud nipping at its flanks, something has got to give.
In your opinion then, for the bill that we are introducing, I am going to--I think I am going to get colleagues on the other side of the aisle, the Medicare Transaction Fraud Prevention Act, which is aimed at diagnostic testing and durable…
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.
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.