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.
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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.
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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.
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More than $4 billion in health care fraud money was recovered in 2011, Justice Department officials announced yesterday.
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