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Lawmakers target Medicare and Medicaid fraud

Wall Street Journal, October 29, 2009

The federal government needs to further step up efforts to fight Medicare and Medicaid fraud to generate more savings to help pay for a healthcare overhaul, lawmakers say, and lealth-overhaul legislation moving through Congress contains provisions to beef up the government's antifraud effort. The U.S. loses at least $60 billion to healthcare fraud every year, and some estimates put the cost as high as 10% of the nation's total healthcare spending, which exceeds $2 trillion. Medicare and Medicaid are especially susceptible, the Wall Street Journal reports.