It is clear that the federal government is getting a tremendous “bang for the buck” in its anti-fraud activities in health care.

There is no doubt that the federal government’s initiatives to fight health care fraud have returned large sums of money to US taxpayers. These initiatives also improve the integrity of federal health care programs and make a substantial contribution to their solvency. In times of constrained government budgets, we can ill afford to have federal money wasted or stolen. It is clear that the federal government is getting a tremendous “bang for the buck” in its anti-fraud activities in health care. There are various ways of calculating that bang for the buck, but this report makes clear that accounting for only federal civil returns associated with FCA cases still shows a better than 16:1 return on investment, while a more robust calculation of the federal return that factors in both civil and criminal fines and recoveries show a far greater return. It is our estimate that a total taxpayer benefit-to-cost return from False Claims Act law enforcement exceeds 20:1. http://www.taf.org/TAF-ROI-report-October-2013.pdf
Source: PharmaGossip - Category: Pharma Commentators Authors: Source Type: blogs