Eric Holder

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For many older Americans, Medicare has been a life-saver - literally. And, over its 47-year-old history, the government health care initiative has allowed countless more Americans to lived longer and healthier lives.
As many as one in five older Americans has been the victim of a financial swindle, resulting in a staggering loss of $3 billion in one year alone, Attorney General Eric Holder told the audience at AARP's National Event & Expo in New Orleans.
The largest Medicare fraud bust in recent history has netted more than 100 people and an estimated $450 million in false billings, the Associated Press reports. The nationwide operation has been under investigation for several months, on suspicions of defrauding Medicare, Medicaid and other federal health programs.
More than $4 billion in health care fraud money was recovered in 2011, Justice Department officials announced yesterday.
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