The Office of the Inspector General in Utah said its nearly 1,500 investigations have resulted in the recovery of $11.5 million in incorrectly billed Medicaid claims for fiscal year 2013. In addition, working with the Utah attorney general's Medicaid Fraud Control Unit, the inspector general was also able to recover an additional $13.3 million in collections, according to its annual report. The inspector general recovered the funds from pharmacies, hospitals, doctors' offices, home health companies, makers of durable medical equipment and others.
Financial regulators, in an emergency telephone meeting, have discussed the potential impact of breaching the debt ceiling. They foresee disruption in the money and repo markets. Agencies including the Commodity Futures Trading Commission are operating on a skeleton staff because of the government shutdown.
Companies continued cashing out of government-agency bonds and Treasurys in September, according to Clearwater Analytics. Agency bonds represent 10.7% of corporate cash investment, a drop of 0.53 percentage point. Treasurys make up 25.8%, down 0.11 percentage point.