Government Issued $175 Billion in Improper Payments, Watchdog Says
Where did $175 BILLION in taxpayer money go? Mostly they were lost in 3 programs: Medicaid, Medicare and the Earned Income Tax Credit.
“Improper payments—payments that should not have been made or that were made in incorrect amounts— continue to be an area of fiscal concern in the federal government,” the report states. “The federal government’s ability to understand the full scope of its improper payments is hindered by incomplete, unreliable, or understated agency estimates; risk assessments that may not accurately assess the risk of improper payment; and agencies not complying with reporting and other requirements in the Improper Payments Elimination and Recovery Act of 2010 (IPERA).”