Department of Justice Recovers $2.5 Billion in Healthcare Fraud Recovery: More Than $27.5 Billion Since 1986 by Chuck Buck
RACMonitor.com, November 23, 2010
The Department of Justice announced…that it recovered $2.5 billion in healthcare fraud—the largest in history—and represents the second largest annual recovery of civil fraud claims.
Health and Human Services (HHS) netted the biggest recoveries, largely attributable to its Medicare and Medicaid programs, according to a news release issued by the Department of Justice and posted on its Web site. Recoveries were also made by the Office of Personnel Management, which administers the Federal Employees Health Benefits Program, the Department of Defense for its TRICARE insurance program and the Department of Veterans Affairs, among others.
Senate rejects 1099 filing repeal
Employee Benefit Advisor, December 1, 2010
Two efforts to repeal PPACA’s 1099 filing requirement failed in the U.S. Senate. Under that requirement, approximately 40 million businesses would have to file a form 1099 for every vendor that sells them more than $600 in goods. Read full story…
Employer-sponsored health insurance costs up 41 percent since 2003 (excerpt)
Healthcare Finance News, December 2, 2010
The Commonwealth Fund reports that employer-sponsored family health insurance plans increased by 41 percent from 2003 to 2009 – more than three times the rate of increase for personal income in that same time frame….
While the study found that most employers still pay the bulk of the insurance premium costs – 70 percent for family coverage and 81 percent for individual coverage – the increases have used employer resources that might have been deployed in other ways, such as in pay or contributions to employee retirement plans. And while employers may not have passed on the bulk of premium increases, the plans they have chosen have also seen a steady rise in the amount of cost shifting occurring, with increases in deductibles alone increasing 77 percent on average. There was also an increase in the number of people facing deductible payments – up to 74 percent in 2009, versus 52 percent in 2003.
USA Today, November 15, 2010
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