Vance Says Federal Task Force Has Identified $230 Billion In Fraud

“It’s sometimes hard once the money has already gone out the door; it’s hard to get it back,” Vance said. “But stopping it from going out the door is how we save the American people $56 billion. Of course, we’re going to keep on working on that.”

Vance also announced that the administration planned to unveil 17 additional anti-fraud initiatives on Friday that he said would target another estimated $300 million in fraudulent activity.

“Just today, Mr. President, we will announce 17 new anti-fraud actions that will total about a third of a billion dollars, and that’s added to the $230 billion that we’ve already uncovered,” he said.

During his remarks, Vance argued that government fraud harms more than just taxpayers, saying it also deprives legitimate beneficiaries of programs intended to help vulnerable Americans.

To illustrate that point, Vance pointed to a Medicaid-administered program designed to provide neonatal care for low-income mothers and infants.