Will They Share A Cell With Bernie Madoff?
It’s a $15 billion fraud scheme:
A congressional oversight committee on Thursday accused New York of overbilling Medicaid by billions of dollars by inflating reimbursement payments to its state-run institutions for the mentally disabled. In a scathing report, the Republican-led House Oversight and Government Reform Committee said New York overcharged taxpayers by $15 billion since 1990.
Wouldn’t scenarios like this also contribute to the figures about growing healthcare costs?
According to the article, Medicaid waited “years” before figuring out where all those “high payments” were coming from. Who exactly is responsible for this?
unbelievable. makes you wonder if other states have done something in a similar fashion
Unethical? Yes. Illegal? Maybe not.
“The report said New York took advantage of a complex formula and kept federal officials in the dark for years”
“The skewed methodology traces back more than 20 years, when New York got permission from the federal government to use a different formula for state-run developmental centers, assuring officials that the rates would hew close to costs. But almost immediately, reimbursements began to skyrocket.”
“Between 1990 and 2011, the daily reimbursement rate grew to $5,118 from $348. Ms. Thompson said it wasn’t clear if CMS “completely understood” the cost projections when it approved the rates”
After all of the hooplah about unspecified changes to medicare that are going to generate revenue by reducing inefficiencies..
Well if the seniors you are charged with caring for don’t have any more money to take, you can always use them to steal money from the government. Now THAT’S innovation!
TINSTAAFL
It’s amazing to see how government mis-manages money and responsibility!