On Wednesday, April 25, two subcommittees of the House Oversight Committee held a joint hearing on the federal government's role in protecting taxpayers from Medicaid fraud. The hearing, "Uncovering Waste, Fraud, and Abuse in the Medicaid Program," was part of a congressional inquiry into how three states, including Minnesota, handle their Medicaid programs. The House Oversight Committee released a report outlining alleged over-payment and mishandling of federal funds.
After viewing this report and testifying during the hearing, Congresswoman Michele Bachmann (MN-06) created the following radio actuality:
The Committee on Oversight and Government Reform issued an uncovering of waste fraud and abuse of the Medicaid program and I quote from the report: "Minnesota provides a stunning example of how states are failing to properly ensure the appropriate use of taxpayer dollars spent on Medicaid managed care.' The report went on to conclude, to put the program in context, " total Medicaid spending exceeds Walmart's worldwide annual revenue.' This is amazing. Today we have in Medicaid spending a program that exceeds Walmart's worldwide annual revenue, and we have no idea what the federal government is spending money on. That is why I am introducing legislation to bring accountability and transparency to Minnesota's Medicaid dollars. Over the next ten years, we'll spend $7 trillion [between State and Federal spending] -- a 20% expansion of current Medicaid spending [in Minnesota]. If we don't know where those Medicaid dollars are going today, to help poor people, what will the problem be like when it's only larger in the next ten years? That is why the government needs to hold Medicaid spending accountable