29
Sep
Staff Writer The Ministry of Finance says the audit process of the Public Service Employee Medical Aid Scheme (PSEMAS) launched last year is still on-going, with 75 percent of the main members and 95 percent of dependents having been verified as part of measures to reduce fraud and abuse of the government employee’s medical fund. The member audit comes as media reports attributed to the International Monetary Fund (IMF) revealed the medical aid fund has been losing close to a billion dollars annually to fraud, abuse, waste and collusion. “During the first phase of the verification 95 percent of dependents…