H.R.5757: To amend title XIX of the Social Security Act to require asset verification through access to information held by financial institutions, to reduce fraud and abuse in State Medicaid programs, and for other purposes.

To amend title XIX of the Social Security Act to require asset verification through access to information held by financial institutions, to reduce fraud and abuse in State Medicaid programs, and for other purposes. 4/10/2008--Introduced. Medicaid Fraud Reduction Act of 2008 - Amends title XIX (Medicaid) of the Social Security Act (SSA), for purposes of determining or redetermining an individual's Medicaid eligibility, to direct each state to implement an asset verification program requiring Medicaid applicants or recipients to authorize the state to: (1) obtain records from a financial institution; and (2) use them to verify the individual's financial resources.Directs the Secretary of Health and Human Services to provide payments to eligible states to establish and carry out practices to reduce fraud under the state Medicaid program.Requires the Secretary to report to Congress on the feasibility of, and potential program savings from, implementing an electronic [...]

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