Nobody
knows for sure how much the federal government loses annually to waste, fraud,
and incompetence, but the tab just for improper payments by Medicare last year
was nearly $30 billion. For Medicaid,
the total lost to improper payments was nearly $20 billion, and more than $13
billion for Medicare Advantage, according to paymentaccuracy.gov. Here's another way to look at
those figures: Medicare got it wrong on 8.5 percent of its total payments of
nearly $350 billion in 2012. For Medicaid and Medicare Advantage, the error
rate percentages were 7.1 percent and 11.4 percent, respectively. But wait, there's more!.....
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