how instances of corporate mismanagement or fraud should be taken into account when assessing the risks associated with certain types of investments
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Discuss a case of fraud and mismanagement within the New York State Medicare program and highlight some of the negative effects of this problem.
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Solution Summary
This solution discusses the problems with fraud in the New York Medicaid system.
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In 2005, New York State the Medicaid program was recognized as being a very high risk program. Overspending and misrepresentation of funds has increased government spending to an all-time high. Over the past 2 decades, Medicaid spending has increased by 450 percent. In the last 10 years, New York has been found to be receiving 10 percent fraudulent claims and a range of ...
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