Part 2 Andrew Cuomo's Corruption Allowed $400 Million To Be Added to $1.2 Billion In NY Medicaid Fraud Which Must Be Refunded By NY State To Federal Government

Today's letters to Bond Rating Agencies concerning the post immediately below.

                                                       October 21, 2010
To:  Moody's Investors Service
175 Federal Street, Suite 501, Boston, MA 02110

Standard & Poors
55 Water Street New York, New York 10041

Fitch's
One State Street Plaza,  New York, NY 10004

re: POST: Andrew Cuomo's Corruption Allowed $400 Million To Be Added to $1.2 Billion In NY Medicaid Fraud Which Must Be Refunded By NY State To Federal Government 
and your potential liabilities

Dear Rating Agencies:
      This is to make you aware of the moral, financial and corruption hazard that was and is Andrew Cuomo and the disasterous effects on NY Bond values. You may not be aware of the Medicaid returns liability facing NY State and the costs of these Medicaid  frauds to NY Counties.   My blog CuomoTARP.blogspot.com describes liabilities to NY State for the return of Medicaid funding of $1.6 Billion dollars.  If you look at the links on the blog, you'll access original federal documents.
     Mr. Cuomo may be hoping to fool the people, but you do not want any liability imposed on you for ignoring these reported Medicaid liabilities that can be considered a small sample of a much larger problem when other NY Medicaid transactions will certainly be examined.
  "A word to the wise suffices."
            Sincerely, T. Finnan, CuomoTARP.blogspot.com

Part 1 Andrew Cuomo's Corruption Allowed $400 Million To Be Added to $1.2 Billion In NY Medicaid Fraud Which Must Be Refunded By NY State To Federal Government

NOTICE: This exposes massive fraud and liability for NY State in only a small part sample of NY's Medicaid.
After this NOTICE, Standard & Poor’s, Fitch, and Moody’s will have a liability for cover-up, if they don't correct NY Bond ratings before the election.

Note that NY Medicaid isn't really benefiting its intended, i.e. "physical abuse or threats of physical abuse, theft, and beneficiary abandonment."

NY State will have to repay US Government from where?  Bankruptcy, service collapses

One man is responsible for this cover-up, this non-prosecution and $1.3 Trillion in federal losses and $5 Billion in NY State and NY County losses.

      To Andrew Cuomo: no one, nor NY State can afford your profligate indifference to your costs generated by your toleration of corruption.   The latest 10/8/2010 Federal Inspector General report for 2004 to 2006 shows over $115 million is needed to be refunded by NY State to the Federal Government and if we conservatively multiply this for 2007 to 2010 by three, we have about $350 million to be refunded for this one item alone in this Inspector General Report.  And this isn't all, an earlier post showed $1.2 billion in Medcaid fraud reimbursement owed to Federal Government.  And, worse, NY State and its counties have paid and lost a matching sum.   And from the post below, we know you, Andrew Cuomo, are a control freak.

  Here's the Inspector General's condensed report: 

Link to complete report

  DEPARTMENT OF HEALTH & HUMAN SERVICES
Office of Inspector General, Washington, D.C. 20201

           October 8, 2010

TO: Donald M. Berwick, M.D. Administrator,  [NY]Centers for Medicare & Medicaid Services

FROM: /Daniel R. Levinson, Inspector General

SUBJECT: Review of Medicaid Personal Care Services Claims Made by Providers in  New York State (A-02-08-01005)

Our audit period covered January 1, 2004, through December 31, 2006.

Pursuant to Title XIX of the Social Security Act, the Medicaid program provides medical assistance to low-income individuals and individuals with disabilities. The Federal and State Governments jointly fund and administer the Medicaid program. At the Federal level, the Centers for Medicare & Medicaid Services (CMS) administers the program. Each State administers its Medicaid program in accordance with a CMS-approved State plan. Although the State has considerable flexibility in designing and operating its Medicaid program, it must comply with applicable Federal requirements.

In New York State (the State), the Department of Health (DOH) administers the Medicaid program. Within DOH, the Office of Long Term Care oversees the personal care services program. Each county’s social services district is responsible for authorizing personal care services, arranging service delivery, and monitoring the personal care services program.

[Problems] include, but are not limited to, physical abuse or threats of physical abuse, theft, and beneficiary abandonment.

We recommend that the State: • refund $100,335,472 to the Federal Government;
• improve its monitoring of the personal care services program to ensure compliance with Federal and State requirements;

• work with CMS to resolve the eight CDPAP claims and, if applicable, refund the estimated $15,325,689 in unallowable payments;

(end of condensed letter)

   It's reported that Andrew Cuomo was personally involved in everything in his office (likely, this was leaked by his underling "rats", who feared being blamed or prosecuted) .   So Andrew knew of these frauds and chose to do nothing, except put his CuomoTARP over the corruption.

   Andrew Cuomo's cost is astronomical.  Follow the links to just a few examples below on this blog.

See

Cuomo's heart of darkness and predatory lending
Cuomo as financial and corruption "moral hazard"
Cuomo missing in action; Peter or Dilbert principle or cover-up

Cuomo's smoking gun *

We lost and Cuomo won?
Cuomo's silver spoon costs us over a trillion dollars
Cuomo changes pay to play to indirect payment and we're fooled
Cuomo and NY borrowing and his silver spoon
Cuomo makes his rich friends richer and the poor poorer

   Andrew Cuomo has caused a lost minimum $1.3 Trillion federal dollars and a lost minimum $5 Billion NY State and NY County dollars.   
First step: Lock him away from any control over NY Finances or any oversight function. 
Second step:  New Governor orders new AG to prosecute and recover losses due to criminal fraud.