that aims to recoup up to $4.7 billion over the next decade by ramping up audits of Medicare Advantage plans to crack down on overbilling—a common practice in the industry.in December,"The costs to taxpayers from improper payments have mushroomed over the past decade as more seniors pick Medicare Advantage plans," which are notorious for presenting patients as sicker than they actually are to get more money from the government.
"CMS has estimated the total overpayments to health plans for the 2011-2013 audits at $650 million," the outlet noted.of fraud by for-profit Medicare Advantage providers hasn't dissuaded the GOP from singing their praises and condemning oversight of them as an attack on Medicare itself. "For Joe Biden to continue to lie and say that Republicans will cut the benefits you earned is just a gross, political lie,""Newsflash: President Biden is cutting Medicare, not Republicans,"Medicare Advantage boasts
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »