Elon Musk suggests Medicaid cuts due to fraud, but most improper payments from lack of documentation.

From Nasdaq: 2025-04-20 05:22:00

Elon Musk suggests cuts to Medicaid due to billions in waste from fraud, but CMS reports improper payments of $31.1 billion in 2024, mostly from insufficient documentation. House of Representatives aims for $880 billion in federal spending cuts, with Medicaid expecting the largest share. Musk’s proposed cuts to “entitlement” programs like Medicaid, Medicare, and Social Security could generate $500-$700 billion in savings, but CMS data shows most improper payments were due to documentation issues, not fraud. Despite concerns, evidence suggests Medicaid fraud may not be substantial enough to meet proposed spending cuts.



Read more at Nasdaq: What We Know About Medicaid Fraud