According to 60 Minutes, cocaine trafficking has now given way to Medicare fraud as the number-one illicit enterprise in South Florida. Both 60 Minutes and the Washington Post report that nationwide Medicare fraud now costs American taxpayers $60 billion a year.

The 60 Minutes story is fully of juicy anecdotes about government incompetence. There’s the criminal who says that stealing from Medicare is so “easy” that “it was ridiculous.” There’s the lady who for six years has been telling Medicare officials that strange and extravagant charges keep showing up on her explanations of Medicare benefits–charges that officials still have yet to prevent from accruing, and from being paid by tax dollars. And there’s the man on Medicare who used his own hands and arms to open up his explanation of benefits, only to read that Medicare had been billed–and had paid–for two new (prosthetic) arms on his behalf.