Healthcare Finance News March 28, 2024
Jeff Lagasse

This is despite payment errors under Medicaid dropping by $30 billion from the previous year.

The federal government reported an estimated $236 billion in “improper payments” during fiscal year 2023, and of that amount, more than $100 billion came from Medicare and Medicaid, according to the U.S. Government Accountability Office.

Such payments are essentially payment errors that can be the result of many things – including overpayments, inaccurate record keeping or in some cases fraud.

The $236 billion in improper payments were reported by 14 agencies across 71 programs. More than $175 billion (74%) of errors were overpayments – for example, payments to deceased individuals or those no longer eligible for government programs. $11.5 billion were underpayments; $44.6 billion...

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Topics: GAO, Govt Agencies, Insurance, Medicaid, Medicare, Provider
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