Medicaid Fraud Costs Taxpayers $160 Billion/Year

1:11 PM ET Tue, 17 July 2012

Federal prosecutors are uncovering what they say is another blatant rip-off of the Medicaid system, and U.S. Attorney Preet Bharara says 48 people are charged in a nationwide operation centered here in New York, reports CNBC's Scott Cohn.