Washington, D.C. (NNCNOW.com) -- A new report released Monday shows that for every dollar spent on health care-related fraud and abuse investigations in the last three years, the government recovered $7.90.
Attorney General Eric Holder and Health and Human Services Secretary Kathleen Sebelius released the report that also says this is the highest three-year average return on investment in the 16-year history of the Health Care Fraud and Abuse Program (HCFAC).
The government's health care fraud prevention and enforcement efforts recovered a record $4.2 billion in taxpayer dollars in Fiscal Year 2012, up from nearly $4.1 billion in FY 2011, from individuals and companies who attempted to defraud federal health programs.
Over the last four years, the report says the administration's enforcement efforts have recovered $14.9 billion, up from $6.7 billion over the last four years.
Since 1997, the HCFAC program has returned more than $23 billion to the Medicare Trust Funds.
Posted to the web by Jenna Vogt