Treasury Launches Whistleblower Program for Healthcare Fraud
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Treasury Secretary Scott Bessent introduces a whistleblower program to combat healthcare fraud in Medicare and Medicaid, offering rewards of up to 30% of collected fines. The program targets leads resulting in penalties over $1 million, open to US citizens and foreigners. The announcement comes as the US loses billions annually to fraud, with recent cases in Minnesota involving fake clinics and sham food operations. The Treasurys Financial Crimes Enforcement Network will provide guidance to banks for flagging suspicious healthcare deals, further strengthening the fight against fraud.
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