What We Know About Medicaid Fraud
In his role leading the initiative known as the Department of Government Efficiency (DOGE), Elon Musk has suggested that cuts must be made to Medicaid. According to Musk, the program produces billions of dollars in waste each year, with fraud being a major contributor. Here, I take a look at potential Medicaid fraud and learn if it rises to the level suggested by Musk.
Created as part of President Lyndon B. Johnson's "Great Society," Medicaid has roughly 79 million Americans who depend on it to cover their medical costs. For example, the program pays for 60% of nursing home care and 40% of births.
Claiming that Medicaid is rife with fraud, DOGE says it's eyeing deep cuts to the joint federal and state program. On Feb. 25, the House of Representatives passed a budget resolution calling for $880 billion in federal spending cuts over the next decade, with the lion's share of cuts expected to come from Medicaid.
Source Fool.com
