The US Department of the Treasury announced approximately $17.5 billion in suspicious financial activity believed to be potentially linked to health care fraud.
The department's Financial Crimes Enforcement Network (FinCEN) analyzed 5,702 Bank Secrecy Act reports submitted by financial institutions between March 2025 and February 2026. The reports included transactions linked to schemes that may have targeted Medicare, Medicaid and private health insurance programs.
Depository institutions accounted for the largest share
Depository institutions accounted for approximately 89% of the reports and approximately 87% of the reported suspicious transaction amounts.
Among the reports linked to health care fraud, businesses providing home health care ranked first among suspicious providers, accounting for 20%. Hospice services, behavioral health and addiction treatment, medical equipment, and adult or child day care services were also among the sectors identified in the reports.
The Department of the Treasury reported that some suspicious fraud proceeds were used for personal expenses and luxury purchases, while some funds were sent abroad.
Treasury works with law enforcement
Treasury Secretary Scott Bessent said that financial institutions' identification and reporting of suspicious activity provides law enforcement with important information to identify people who knowingly abuse health care benefit programs.
Bessent said the Department of the Treasury would continue working with law enforcement to prevent fraud, protect Americans and safeguard taxpayer-funded programs.
The department also said it was working with a White House task force led by Vice President JD Vance. Treasury also called for suspected fraud, money laundering, sanctions violations and violations of tax law to be reported.
