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White House cites progress on payment errors
Modern Healthcare

Various Medicare and Medicaid auditing initiatives have sharply lowered erroneous excess payments under the programs over the past three years, according to the Obama administration, and new initiatives will lower such mistaken spending further. Federal waste reduction measures have led to Medicare’s overall error rate falling to 8.6% in 2011 from 10.2% in 2010, federal officials announced today. Specifically, Medicare’s fee-for-service error rate fell to 8.6% from 9.1% last year, and Part D reported a first-time composite error rate of 3.2%, well below the government average.

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