How Could You Miss $15,000,000,000?

Posted: 25 Sep 2012 in Axis of Idiots, Congress, Economics, Failure, Government, Tax, WTF Files
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I guess it’s pretty easy when you work for the government.

How Could You Miss $15,000,000,000?

Government failed to notice billions in Medicaid overpayments going to New York State…for 17 years. Read our new report to see how.

WASHINGTON, DC – Today House Oversight and Government Reform Committee Chairman Darrell Issa released a new staff report entitled, “The Federal Government’s Failure to Prevent and End Medicaid Overpayments,” which examines outrageous abuses of federal tax dollars within the Medicaid program, specifically regarding New York State developmental centers (see chart below). The report finds that over the past two decades, New York State has received billions of dollars in Medicaid reimbursements through mismanaged overpayments, and that the overpayments are continuing. Further, the report documents that as Medicaid payment rates increased, Federal officials failed to question the rising cost or implement measures that would bring the rates in line with actual costs.

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