The Wall Street Journal reports today that $694 million has been returned to the Medicare trust funds over the last three years, found by contracted audit agencies. The Medicare and Medicaid Services agency has contracted with private auditors to review a total of $317 billion in claims just from the states of New York, California, and Florida. The auditors were looking for improper payments, of which they discovered 0.22% of were incorrect. That percentage doesn’t sound like much, but returning $694 million to the trust funds is an accomplishment for which government should be praised.
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