InvestorsHub Logo

Grip it and Sip It

12/09/20 8:37 PM

#132366 RE: moneycrew #132361

I can’t prove a negative. Do you have anything to back up what you have? That’s not sarcasm...if the success rate is that high, it would boost my confidence.

Grip

theswordman

12/09/20 9:46 PM

#132381 RE: moneycrew #132361

So the 96% comes from a Inspector General report that was compiled in 2019. The report was looking at medicare reimburse and what % of drugs that were reimbursed were FDA approved VS: unapproved.

So its not that "if the drug got a code it got approved". It was that "96% of drugs that were paid by medicare were approved drugs"

If you read all the conclusives--it actually could be 99% ,
as the investigation could only find 1% of medicare payments were for unapproved drugs===>>> so 96% + 1% is 97%. That leaves 3% of drug reimburse that were unknown due to the lag in report date (2019) and year investigated (2016)

lostmyballs

12/09/20 10:55 PM

#132414 RE: moneycrew #132361

My question is the code for the drug . Or the code for the physician to be paid for administering the injection??