OIG puts up record year

Wednesday, December 31, 2003

WASHINGTON - The OIG announced Dec. 3 that its initiatives produced savings for American taxpayers of roughly $23 billion in fiscal year 2003, or approximately $1 billion more than last year’s savings. This represents a return of $117 for each dollar spent on OIG audits, evaluations, investigations and other activities.

The $23 billion in savings consist of $988 million in receivables from investigations,$405 million in audit disallowances and $21.6 billion in the implementation of OIG recommendations to achieve efficiencies in the Medicare program through reduced costs and improved operations.

The savings, for the most part, were independently scored by the Congressional Budget Office. Besides achieving record savings for the fiscal year, the agency performed or oversaw 2,643 audits, conducted 60 evaluations of department programs and opened 1,695 new criminal cases, bringing to nearly 2,700 the number of active OIG investigations.

The OIG’s enforcement actions during the fiscal year resulted in 576 criminal convictions,243 successful civil actions, and the exclusion of 3,275 individuals and entities from participating in Medicare, Medicaid and other federally sponsored health care programs.