By Aaron Yelowitz & Brian Blase (Original source CATO Institute)
“Earlier this week, Centers for Medicare & Medicaid Services (CMS) raised its estimate of Medicaid’s improper payments from $36 billion (9.8 percent of federal Medicaid expenditures) to $57 billion (14.9 percent of federal Medicaid expenditures). Actually, the situation is far worse than these estimates suggest. As we discussed in a Wall Street Journal op-ed after the numbers were released, Medicaid’s improper payments now almost certainly exceed $75 billion – or more than 20 percent of federal Medicaid expenditures.
This year’s report shows not only a significant increase in CMS’s estimate of improper payments. Its methodology also shows the agency has been hiding even larger improper payments for years. CMS estimates improper payments in the Medicaid program by auditing each state and DC once every three years and then using the most recent estimate available for each to construct a three-year rolling average. The 2018 report therefore covered fiscal years 2015-2017, while the 2019 report covered fiscal years 2016-2018.”
Click here to see more
Davos 2025: Changing their minds on Trump — Anthony Scaramucci and Niall Ferguson
President Trump’s first 24 hours in the White House have certainly been the talking point here in Davos, as business leaders and politicians digest what…
Thought Leader: Niall Ferguson
Sara Fischer: NYT eyes U.S. subscription bundle partners
New York Times subscribers, by type The New York Times is exploring bundled subscription partnerships with smaller publishers to expand its subscriber base in the…
Thought Leader: Sara Fischer
Evan Feigenbaum: The risk for Taiwan with a ‘highly transactional’ President Trump
Evan Feigenbaum of the Carnegie Endowment for International Peace, and a former Deputy Assistant Secretary of State explains how Taiwan could become a bargaining chip…
Thought Leader: Evan Feigenbaum
7 key people who could shape Trump’s health care policy
Thought Leader: Brian Blase, Joseph Grogan, Scott Gottlieb
Washington DC’s 500 Most Influential People of 2023
Thought Leader: Brian Blase
