Medicare fraud costs taxpayers an estimated $58.5 to $83.9 billion per year. While this is a significant amount, it may be a substantial underestimate as it excludes medically unnecessary procedures, according to a recent study in JAMA.
Elaboration:
Estimates Vary:
Different sources offer slightly different estimates for the annual cost of Medicare fraud, but they consistently point to a multi-billion dollar loss for taxpayers.
Impact Beyond Financial:
Medicare fraud also has a negative impact on beneficiaries, causing stress, delays in care, and potentially affecting their health.
Types of Fraud:
Medicare fraud can take many forms, including billing for services not provided, misrepresenting diagnoses, and offering kickbacks for patient referrals, according to the Senior Medicare Patrol.
Efforts to Combat Fraud:
The Department of Health and Human Services (HHS) and other government agencies work to combat fraud, investigate cases, and recover funds.
Improper Payments:
Beyond fraud, Medicare also faces losses due to improper payments, which are payments made in an incorrect amount or that should not have been made at all, according to the GAO
Elaboration:
Estimates Vary:
Different sources offer slightly different estimates for the annual cost of Medicare fraud, but they consistently point to a multi-billion dollar loss for taxpayers.
Impact Beyond Financial:
Medicare fraud also has a negative impact on beneficiaries, causing stress, delays in care, and potentially affecting their health.
Types of Fraud:
Medicare fraud can take many forms, including billing for services not provided, misrepresenting diagnoses, and offering kickbacks for patient referrals, according to the Senior Medicare Patrol.
Efforts to Combat Fraud:
The Department of Health and Human Services (HHS) and other government agencies work to combat fraud, investigate cases, and recover funds.
Improper Payments:
Beyond fraud, Medicare also faces losses due to improper payments, which are payments made in an incorrect amount or that should not have been made at all, according to the GAO