Report: Colorado among leading wasters of Medicare funding

DENVER BUSINESS JOURNAL - Colorado has the seventh-highest rate of Medicare waste per beneficiary, according to a report released Wednesday by a watchdog group.

The state made $49.3 million in overpayments in 2014 for Medicare services given to 486,962 residents on Medicare Parts A or B — a rate of $101.25 per patient, according to the Council for Medicare Integrity. The organization analyzed numbers in an annual report issued by the federal Centers for Medicare & Medicaid Services to come to its conclusions.

That amount of per-capita waste was significantly smaller than the amount in top-ranked Washington D.C., which averaged overpayments of $177.84 per beneficiary in 2014 even though D.C. has the smallest number of beneficiaries of any state or district in the country. But it also was more than 1,000 percent higher than Vermont, which wasted just $7.58 per patient on the federally funded health-insurance program for the elderly.

Read more at the Denver Business Journal: http://bit.ly/1IFReAK

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