Representatives Lois Frankel and Bill Keating reintroduced the Fighting Medicare Fraud Act of 2018, which combats abuse and fraud in the Medicare program.
In a press release sent from Frankel’s office, it detailed that what the legislation does is “Close a loophole that corrupt CEOs and corporations have used to continue abusing Medicare. Currently, if a company is under investigation for Medicare fraud and the CEO resigns before receiving a penalty, he or she may legally start a new company and potentially launch a new Medicare fraud scheme.” In addition, it will “Require Medicare Advantage and Part D organizations to report incidents of potential abuse and fraud.”
Representative Frankel commented on the legislation’s reintroduction by explaining that “Medicare is health care for our seniors. Because of our large retirement population, Florida is ground zero for fraud and exploitation. This legislation provides a vehicle to go after bad actors who are scamming the system for financial gains.”
Representative Keating also shared his thoughts on the move by stating that “After a lifetime of working, the last thing our seniors need is to worry about being defrauded. Our bill protects beneficiaries by forcing offenders out of the Medicare system while improving transparency along the way, saving billions of dollars in fraud losses per year. This legislation is a common-sense solution to an increasing problem.”
Currently, Medicare allows over 55 million disabled individuals and seniors to have access to healthcare.