OIG Reports $20.97B in Savings and Recoveries in 2009
Monday, December 14th, 2009
In its Semiannual Report to Congress, the Office of Inspector General (OIG) announced Dec. 3 a reported savings and expected recoveries of $20.97 billion for 2009 as a result of audits, investigations, and evaluations the agency conducted this year.
Of that $20.97 billion, the OIG says $16.48 billion is savings based on implemented recommendations to put funds to better use; $492 million is from audit receivables; and $4 billion is from investigative receivables.
Among the OIG’s most touted accomplishments during the semiannual period between April 1 and Sept. 30 are several cases involving Medicare fraud, waste, or abuse. Read more »