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New CMS Report Released on Medicare and Medicaid Savings

Posted by on July 22nd, 2016 Posted in: Articles, General
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The Centers for Medicare & Medicaid Services (CMS) released a report showing that investments made in program integrity activities – which include stamping out fraud and deterring and reducing other improper payments – pay off for taxpayers and beneficiaries.  From October 1, 2012 through September 30, 2014 (Fiscal Year (FY) 2013 and FY 2014), every dollar invested in CMS’ Medicare program integrity efforts saved $12.40 for the Medicare program. The report highlights CMS’s significant achievements in reducing potentially fraudulent and improper payments.  Total savings from program integrity efforts were nearly $42 billion over the two-year period covered by the report.  This equates to an average savings of $12.40 for each dollar spent on Medicare program integrity alone.  These savings represent funds that remain available to provide needed health care to Medicare, Medicaid, and Children’s Health Insurance Program beneficiaries nationwide and reflect the increasing success of CMS’ efforts to proactively prevent improper payments. Read more here: http://bit.ly/2alUlmi

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