Will cutting fraud save Medicare?
In 2022, the total amount spent on Medicare was $982 billion, and Medicaid spending was $864 billion. The federal government has estimated that 7.5 percent of payments on traditional Medicare in 2022 were for “improper or fraudulent payments”; for Medicaid, it was 15.6 percent. Merrill Matthews writes if the government cut Medicare fraud, it wouldn’t have to cut Medicare. Read Mr. Matthews’ opinion here…
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