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Medicare Health Care Fraud Prevention and Enforcement Efforts Net $3.3 Billion in FY 2014

March 25, 2015
FROM:      
Palmetto GBA
RE:          Medicare Health Care Fraud Prevention and Enforcement Efforts Net $3.3 Billion in FY 2014

More than $27.8 billion has been returned to the Medicare Trust Fund over the life of the Health Care Fraud and Abuse Control (HCFAC) Program, Attorney General Eric Holder and HHS Secretary Sylvia M. Burwell announced. The government’s health care fraud prevention and enforcement efforts recovered $3.3 billion in taxpayer dollars in Fiscal Year (FY) 2014 from individuals and companies that attempted to defraud federal health programs, including programs serving seniors, persons with disabilities or those with low incomes. For every dollar spent on health care-related fraud and abuse investigations in the last three years, the administration recovered $7.70. This is about $2 higher than the average return on investment in the HCFAC program since it was created in 1997.  It is also the third-highest return on investment in the life of the program. Please see this article from HHH for more information.

Guaranteed cash flow during transition.