Good morning, and thank you for that kind introduction. I also want to thank the American Hospital Association for the invitation. For those of you that don’t know me, I spent the early days of my career at a public hospital.
The rate of health care spending in the United States is projected to grow 7.5 percent in 2004, down from the 7.7 percent growth experienced in 2003, according to a report issued today by the Centers for Medicare & Medicaid Services (CMS).
Centers for Medicare & Medicaid Services Administrator Mark B. McClellan, M.D., Ph.D. today announced a new CMS initiative and a proposed regulation to protect the nation’s largest federal health programs from fraud and abuse and further reduce improper payments through the use of enhanced electronic tools now available.