Treasury Uncovers $17.5 Billion in Suspected Health Care Fraud

WASHINGTON—The U.S. Department of the Treasury today announced that its Financial Crimes Enforcement Network (FinCEN) has identified approximately $17.5 billion in suspicious financial activity potentially linked to health care fraud, underscoring the Trump Administration’s commitment to eliminating fraud, protecting taxpayers, and safeguarding the integrity of federal health care programs.

“By identifying and reporting this suspicious activity, financial institutions have given law enforcement critical insight into the illicit actors who deliberately exploit U.S. health care benefits programs,” said Treasury Secretary Scott Bessent. “Treasury will continue working alongside our law enforcement partners to disrupt fraud wherever it occurs, protect Americans, and safeguard the integrity of taxpayer-funded programs.”

A new FinCEN Financial Trend Analysis finds that, over a one-year period, financial institutions filed more than 5,700 Bank Secrecy Act (BSA) reports flagging activity potentially connected to health care fraud. The findings provide law enforcement with critical financial intelligence to identify, investigate, and disrupt illicit schemes that exploit taxpayer-funded health care benefits.

Health care fraud drains resources from the Americans who rely on these programs, drives up health care costs, and can put patients at serious risk. Treasury is using every available tool to support President Trump’s agenda to eliminate waste, fraud, and abuse across the federal government.

Working with the White House Task Force to Eliminate Fraud led by Vice President Vance, Treasury is encouraging whistleblowers to report credible information related to fraud, money laundering, sanctions violations, and tax-law violations. Tips from whistleblowers, combined with financial institutions’ BSA reporting, can help Treasury and its law enforcement partners uncover criminal networks, recover taxpayer funds, and hold bad actors accountable.

Treasury will continue to leverage financial intelligence, strengthen coordination across government, and pursue those who seek to profit by defrauding American taxpayers and endangering patients.

FinCEN analyzed 5,702 BSA reports filed by financial institutions between March 1, 2025 and February 28, 2026, and found the following prominent trends:

Today’s FTA is FinCEN’s second health care fraud-related product issued this year. In March, FinCEN issued an Advisory on Health Care Fraud Schemes Targeting Medicare, Medicaid, and Other Federal and State Health Care Benefit Programs. Although BSA reports filed after the issuance of the Advisory were not included in the scope of this FTA, the typologies and trends in the post-Advisory BSA filings are consistent with the trends reported in the FTA.

FinCEN’s analysis of threat pattern and trend information derived from BSA data on additional topics can be found on its Financial Trend Analyses page.

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