Lot’s going on today, reports, bills and the like…
The Department of Health and Human Services Office of Inspector General said in its Annual Performance Report for fiscal year 2008 that the return on investment for expenditures related to the Medicare and Medicaid programs-which account for most of OIG’s spending-was $17 for every dollar spent over the three year period from FY 2006 through FY 2008.
The return on investment figures are calculated using a three-year average to account for how long it takes for an audit, evaluation, or investigation to be resolved and for the funds to be recovered, according to the report.
The Annual Performance Report , which has less detail than the Semiannual Report to Congress, was prepared for the Office of Management and Budget. The only previously unreported data was the return on investment figures.