President Barack Obama announces new effort to crack down on waste and fraudMarch 11th, 2010 - 12:36 am ICT by BNO News
WASHINGTON D.C. (BNO NEWS) – On Wednesday, President Barack Obama announced a new effort to crack down on waste and fraud in Medicare, Medicaid, and other government programs through the expanded use of payment recapture audits, the White House informed.
President Obama will sign a presidential memorandum that directs all federal departments and agencies to expand and intensify their use of payment recapture audits under their current authority. Such audits will offer specialized private auditors financial incentives to root out improper payments which have been demonstrated through pilot programs to be highly effective.
“The fact is, Washington is a place where tax dollars are often treated like Monopoly money, bartered and traded, divvied up among lobbyists and special interests. And it has been a place where waste – even billions of dollars in waste – is accepted as the price of doing business,” said President Obama.
The President’s health insurance reform proposal builds on an unprecedented array of aggressive new authorities to fight waste, fraud and abuse in the House and Senate bills with a number of additional proposals proposed by Democrats and Republicans alike.
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