Editor’s Note: Liz Peek is a financial columnist and author of wOw’s Wall Street Weekly.

One of the oddest elements of President Obama’s relentless health-care pitch is his inability to provide convincing examples of how he is going to save money and where he can cut Medicare. Normally, when you’re trying to win over an audience, you migrate from generalities to specifics to strengthen your argument – and to make it more accessible. Since the president is correctly credited with being a master orator, his unwillingness to shell out real-life examples of how he can cut $500 billion from Medicare and not reduce treatment makes many of us skeptical.

Here is how President Obama can become more convincing overnight, and how you can help him do that. wOw readers can provide the concrete examples that he needs to make his case. There must be many among us who are on Medicare, or who have relatives on Medicare, and most likely a large number have come face-to-face with the inefficiencies – to use a polite word – of this vast government program. Let’s pool our stories, and see if there are indeed obvious instances where existing policy wastes money.

Here’s a "for instance": The other night I heard a horrifying story from a friend who is on Medicare. She had gone to her doctor that day to get a prescription for a nasal spray to combat allergies. Earlier, her physician had given her a trial sample of the medicine to see if it was effective, and it was. Instead of giving my friend the expected six-month prescription, the doctor wrote instructions that would provide only one month of treatment. It quickly became clear, through questioning, that the doctor wanted my friend to return monthly for her medicine because Medicare would pay for repeated (unnecessary) office visits. Reimbursement, in other words, had nothing to do with effective treatment and everything to do with bean counting. Bottom line? The doctor stood to make a lot more money.

This is the kind of nonsense that gets us grinding our teeth and could bolster President Obama’s promise to extract $500 billion from Medicare without impacting treatment. I still think it would make much more sense to tackle such problems with Medicare immediately and that changes in our insurance industry need not be tied to such reforms, but at least it gives me some confidence that there are indeed costs to be curbed. I would also add that I consider such evidence of "waste and fraud" in government-run programs powerful arguments against expanding federal involvement in the health-care industry.

Still, it would be very interesting to hear other such anecdotal evidence of Medicare inefficiencies. Such stupidities do not necessarily constitute fraud – they are simply the result of the medical profession gaming a system that relies not on judgment but on bureaucracy. It should be noted that many doctors may be forced to do so since they may not be adequately reimbursed for treating Medicare or Medicaid patients. But correcting the most egregious inefficiencies of the system would be a giant step toward bringing our ballooning health-care payments under control. Why not give the president some help? Please contribute some of your own observations about Medicare or other government-sponsored health-care programs. Let’s have a wOw voice in this debate!