Over $23 Billion Recovered in the Health Care Fraud in US
According to a joint report released by Department of Justice and Department of Health and Human Services, the US government has recovered a whooping amount of $4.2 billion from the health care fraud investigations in the fiscal year 2012. As per the report, for every $1which was spent on the investigations, government received $7.90 in the last three years.
The programs named Health Care Fraud and Abuse Control Program (HCFAC) began in 1997 with the perspective of recovering the fraudulent amount from the companies as well as individuals who tried to fraud the federal health programs which were designed for the senior citizens. The report issued by Health and Human Services (HHS) Secretary Kathleen Sebelius and Attorney General Eric Holder adds that Medicare Trust Funds has got back over $23 billion since the initiation of this program.
According to Sebelius, the findings are released in the annual report of HCFAC and added, "These findings are a result of President Obama making the elimination of fraud, waste and abuse, particularly in health care, a top priority for the administration". The federal government of US in the year 2012 won more than $3.0 billion worth judgments and received additional administrative power to tackle the fraud cases.
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