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Whoa! This is the GAO reporting on this. And they say it is likely higher than this $236 billion.
WTF is going on?
The amount is bigger than what Washington spends on NASA, the Department of Education, and Homeland Security combined, a lawmaker said.
An estimated $236 billion in improper or incorrect payments was made under the Biden administration last year, with Medicare and Medicaid accounting for $100 billion of that total, according to the U.S. Government Accountability Office (GAO).
“For fiscal year 2023, 14 agencies reported a total estimated $236 billion in improper payments across 71 programs,” said a March 26 GAO report. Improper payments refer to payments “that should not have been made or were made in the incorrect amount.” The $236 billion calculation does not include certain government programs that agencies determined were “susceptible to significant improper payments.”
As such, GAO believes the $236 billion estimate “potentially does not represent the full extent of improper payments.”
The group pointed out that improper payments suggest a “material deficiency or weakness in internal controls” at the agencies. “The federal government is unable to determine the full extent of its improper payments or to reasonably assure that appropriate actions are taken to reduce them.”
Medicare accounted for the largest percentage of government incorrect payments, totaling $51.1 billion.
This was followed by Medicaid at $50.3 billion, Federal Pandemic Unemployment Assistance at $43.6 billion, Earned Income Tax Credit at $21.9 billion, and the Paycheck Protection Program Loan Forgiveness at $18.7 billion.
...
www.theepochtimes.com
WTF is going on?
The amount is bigger than what Washington spends on NASA, the Department of Education, and Homeland Security combined, a lawmaker said.
An estimated $236 billion in improper or incorrect payments was made under the Biden administration last year, with Medicare and Medicaid accounting for $100 billion of that total, according to the U.S. Government Accountability Office (GAO).
“For fiscal year 2023, 14 agencies reported a total estimated $236 billion in improper payments across 71 programs,” said a March 26 GAO report. Improper payments refer to payments “that should not have been made or were made in the incorrect amount.” The $236 billion calculation does not include certain government programs that agencies determined were “susceptible to significant improper payments.”
As such, GAO believes the $236 billion estimate “potentially does not represent the full extent of improper payments.”
The group pointed out that improper payments suggest a “material deficiency or weakness in internal controls” at the agencies. “The federal government is unable to determine the full extent of its improper payments or to reasonably assure that appropriate actions are taken to reduce them.”
Medicare accounted for the largest percentage of government incorrect payments, totaling $51.1 billion.
This was followed by Medicaid at $50.3 billion, Federal Pandemic Unemployment Assistance at $43.6 billion, Earned Income Tax Credit at $21.9 billion, and the Paycheck Protection Program Loan Forgiveness at $18.7 billion.
...
Biden Administration Made $236 Billion in ‘Improper Payments’ Last Year: GAO Report
The amount is bigger than what Washington spends on NASA, the Department of Education, and Homeland Security combined, a lawmaker said.
www.theepochtimes.com
