Medicaid Audit Cost 5-times as Much as it Saved
Although politicians regularly cite rooting out Medicaid’s waste, fraud, and abuse as a potential source of savings, a new government analysis finds most of the audits designed to identify and stop unnecessary losses in the federal health care system for the poor have cost the taxpayers much more than they saved. According to the Government Accountability Office (GAO), the nonpartisan investigative arm of Congress, the cost of federal Medicaid audits to taxpayers included at least $102 million in auditing fees since 2008. But these audits only found roughly $20 million in overpayments, according to investigators—meaning the audits cost five times as much as the amount of Medicaid fraud and waste discovered.
Why You Should Care
It never gets old to expose ridiculous and imprudent government waste. Anyone with the time, willingness, or inclination to could easily cut billions of dollars from government programs without meaningfully affecting the economy or necessary services. I cannot, for the life of me, understand why there is such a lack of discussion regarding cutting frivolous spending. Certainly, the two parties can agree on this, right?