July 22, 2016

WHICH WILL PAY FOR LOSSES ON THE EXCHANGES TEN-FOLD:

$42 Billion of Medicare and Medicaid Fraud Thwarted by 'Big Data' Analytics (Eric Pianin, July 22, 2016, Fiscal Times0

Touting a breakthrough in combating rampant fraud in the Medicare and Medicaid health care systems, the Obama Administration on Wednesday told Congress that it had prevented $42 billion of improper payments to doctors and other medical providers in fiscal 2013 and 2014 by using more sophisticated detection methods. [...]

The results have marked a turnaround in the government success rate in preventing the loss of billions of dollars allotted to the healthcare of seniors, the poor, children and the disabled. The Centers for Medicare and Medicaid Services (CMS) says every dollar that was invested in the agency's Medicare "integrity efforts" saved $12.40 for the Medicare program.

Posted by at July 22, 2016 3:52 PM

  

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