Medicare is wasting more than $8 billion on an experimental program that rewards providers of mediocre health care and is unlikely to produce useful results, federal investigators say.
A report to be issued today by the Government Accountability Office, a nonpartisan investigative arm of Congress, urges the Obama administration to cancel the program, which pays bonuses to health-insurance companies caring for millions of Medicare beneficiaries.
Administration officials refused to cancel the project, saying it could improve care for older Americans.
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