The federal watchdog for the Department of Health and Human Services (DHS) has projected a recovery and savings of $5.56 billion over six months.
The Department of Health and Human Services Office of Inspector General (OIG) declared on Monday, in its semiannual report from October to March, that it generated $12.70 in recoveries and expected savings for every dollar spent, reported Reuters.
The total was driven in part by several major enforcement actions, including the 15-year prison sentence of a telemedicine software executive tied to a $1 billion fraud scheme, as well as $674 million in settlements with affiliates of Kaiser Permanente and CVS Health Corp's (NYSE:CVS) Aetna over allegations of inflated Medicare Advantage billing.
The watchdog that it had prohibited 1,212 individuals and companies from federal programs, even though its enforcement activity has hit a two-year low, as per the report.
Authored by Inspector General T.
