Slavitt ran a medical data company called Ingenix, a wholly owned subsidiary of United Health Group, the largest holder of healthcare insurance in America. Slavitt’s company doctored the reimbursement rates of out-of-network services. Andrew Cuomo, who was then New York Attorney General, determined that Ingenix defrauded 110 million Americans out of hundreds of millions of dollars.
As the head of CMS, Slavitt would be in control of 1 trillion dollars a year in medical spending. Looks like Obama has finally found the way to lower the costs of Obamacare.
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Through Slavitt’s creative accounting, he could save billions of dollars a year by shifting the burden to consumers and doctors and hospitals. It was estimated by Cuomo that Ingenix reimbursements were short by 10 to 28%. The fraud lasted over a 10 year period.