An Obama administration rule requiring Medicare providers and suppliers report and return overpayments to users within 60 days of identification, is projected to cost more than $1.3 billion over the course of a decade.
Each report response will need an estimated six hours of labor at a rate of $53.72, with the total annual paperwork burden falling to around 3 million hours – costing taxpayers approximately $161 million a year, the Centers for Medicare and Medicaid Services’ (CMS) estimates.
If the overpayments aren’t returned within the timeframe alloted – even before the rule was implemented – by providers who “knowingly recieved” the find, they could potentially face a False Claims Act liability, Civil Monetary Penalties Law liability and be excluded from federal healthcare programs for their failure.
All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.