Audit Report Says Illinois Overdrew Money From Federal Medicaid
In a report released on Monday the federal auditors said that the state of Illinois adopted flawed technique to withdraw Medicaid money that resulted in "a perpetual treadmill effect'" in the usual overdraw of dollars which the state later on had troubles paying back.
The report from the U. S. Department of Health and Human Services' Office of Inspector General says that for the three years reviewed the withdrawals of the state surpassed its authentic Medicaid spending on an average that amounted to $60 million for one quarter.
According to the report, as an interest the federal government is likely to have lost about $792,000 for the fiscal years 2010 to 2012 as the state paid back the funds about two to six months later.
Illinois meanwhile utilised the money in question for other purposes like education, transportation and pension as the overdrawn money was deposited directly into the general revenue fund of the state. As the Medicaid money got mixed with other money deposited in the fund it was used for other purposes apart from the actual cause.
Medicaid is a part of federal as well as state program which is used for paying medical expenses of the people who are poor as well as the ones who are disabled.
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