Multiple federal agencies wasted $162 billion in government funds by making improper payments during fiscal year 2024, with the Medicare program at the top, according to a recent report from the U.S. Government Accountability Office (GAO).
The money was spent by 16 agencies and across 68 programs, the agency said in the March 11 report.
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“Improper payments—those that shouldn’t have been made or were made in the incorrect amount—have been a government-wide issue for more than 20 years,” GAO said.
Five government programs accounted for roughly 75 percent of the improper spending.
Medicare topped the list with $54.3 billion. This was followed by Medicaid, the Earned Income Tax Credit, the Supplemental Nutrition Assistance Program, and the Restaurant Revitalization Fund. […]
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