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Wednesday, November 18, 2009

Improper US Government Payments Hit $98 Billion

From CNBC:

Improper payments by the U.S. government to people, firms and contractors rose sharply to $98 billion in fiscal 2009 ...One exception to this rule was fraud connected with improper payments under unemployment insurance, which OMB said added up to around one-fifth of the $12 billion in improper payments in that program..."Unfortunately, these numbers may still be just the tip of the iceberg since they don't even include estimates for several major programs, including the Medicare prescription drug plan," Carper said in a statement.

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