When Big Data Yields Disappointing Results
BY Nick Judd | Friday, February 24 2012
The Associated Press' Kelli Kennedy reports that an expensive and newfangled computer system designed to prevent fraudulent Medicare payments has yielded disappointing results:
Launched last summer, a $77 million computer system to stop Medicare fraud before it happens had prevented just one suspicious payment by Christmas. That saved taxpayers exactly $7,591.
Hoping for much better results, a disappointed Sen. Tom Carper, D-Del., says, "I wondered, did they leave out some zeros?"
The congressionally mandated system was built by Northrum Grumman and a group of other companies, Kennedy reports, and has yielded its savings so far after flagging 2,500 leads and 600 suspicious cases.