Audit Reveals States Owe Federal Government Billions for Fraudulent Medicaid Overpayments – IOTW Report

Audit Reveals States Owe Federal Government Billions for Fraudulent Medicaid Overpayments

 

 

WFB: A watchdog group estimates recent audit of fraudulent Medicaid payments totaling nearly $2 billion “is really closer to $60 billion.”

A recent audit of the Department of Health and Human Services (HHS) reveals that it directed $2.6 billion worth of taxpayer money toward fraudulent and/or mismanaged Medicaid claims over a period of five years. More than half – $1.6 billion – remains uncollected to cover the agency’s losses.

“In a way, this is a good news, bad news story,” Truth in Accounting’s Director of Research, Bill Bergman, told Watchdog.org. “The good news is that they found the bad news. The bad news is that the dollar amount for the bad news is, indeed, a big number … But this ‘big number’ pales in comparison to unfunded retirement benefits now facing the states, after accumulating for decades off the balance sheet.”  more here

8 Comments on Audit Reveals States Owe Federal Government Billions for Fraudulent Medicaid Overpayments

  1. “The (I.G.)report does not specify the geographic regions where overpayments were made…”

    Gee, what a surprise. Now I wonder why they would omit that rather significant detail?

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  2. That’s the point, ain’t it?

    Every – EVERY – gov’t program is an opportunity to steal; provided you’re part of the scam with the politicians.

    If they don’t recoup the money – you know it was by design – cuz you can bet that they (IG, or whoever) knows exactly who got what – otherwise they couldn’t claim it was taken fraudulently.
    (same with ACORN, UN, Farm Subsidies, Welfare, &c.)

    izlamo delenda est …

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