The office of New York Attorney General Eric Schneiderman announced on Wednesday that its recoveries for Medicaid fraud in 2012 totaled $335 million—a seven-year high. That figure included several high-profile recoveries; most notably, the state received $146 million in a $3 billion multistate settlement with pharmaceutical giant GlaxoSmithKline.
Medicaid, which provides health insurance for the poor and disabled, is the single largest piece of the state’s budget, and is expected to cost $58 billion in the coming fiscal year.
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Read the entire press release, “A.G. Schneiderman Announces Over $335 Million In Medicaid Fraud Recoveries For Taxpayers In 2012 – Central New York”
