Skip to main content
  1. News
  2. Top News

Feds $100 billion a year: Feds blow billions on 'incorrect payments'

See also

Feds blew $100 billion a year for the past ten years on "incorrect payments" according to MSN Money. On Jan. 15 it was reported that between 2002 and 2012, $688 billion worth of payments were made that should not have been. Naturally this leaves the US Treasury reporting a major loss each and every year. So where is this money going exactly?

"To be clear, the term 'improper payment' covers many problems and is not limited to out-and-out fraud. It can include payments made in error, either through the fault of the agency itself or the person claiming the payment. But what the vast majority of the instances of improper payment have in common is that they represent money that shouldn't be paid out at all leaving the Federal Treasury and not coming back," reports MSN Money.

Feds spending $100 billion a year carelessly and one of the major offenders includes the Department of Health and Human Services. Apparently Medicare Part C and Medicaid both reported billions of dollars in losses in 2013. A less surprising offender? Department of Agriculture's Supplemental Nutrition Assistance Program commonly known as Food stamps.

"The program reported $2.5 billion in improper payments in fiscal 2013, a considerable sum to be sure. The 3.42 percent error rate reflected not just an improvement over the previous year, but an all-time low for the program, which cost $82 billion last year," according to MSN Money.

The feds' $100 billion a year deficit seems to be 100% internal and perhaps could be curbed a bit if properly taken care of. The cycle of taxpayers contributing to a lost cause continues. The more you pay, the more they spend -- and to hear that billions of dollars are gone because of internal errors? That's just even more frustrating.

© Effie Orfanides 2014



  • Mt. Everest avalanche
    Disaster strikes Mt. Everest as at least 12 people were killed in an avalanche
    Watch Video
  • Most Earthlike planet discovered
    The Kepler telescope has discovered the most Earthlike, possibly habitable planet yet
    Space News
  • Easter crosses create debate
    Easter crosses spark a debate of separation of church and state in Ohio
  • Chelsea Clinton is preggers
    Former first daughter Chelsea Clinton is pregnant with her first child
  • Stanley Cup playoffs
    The battle for Lord Stanley's Cup is on, don't miss a minute of playoff action
  • Ukraine discussed amongst U.S., E.U., Russia
    The U.S., E.U. and Russia agree on ways to diffuse the tension in Ukraine
    Watch Video

User login

Log in
Sign in with your email and password. Or reset your password.
Write for us
Interested in becoming an Examiner and sharing your experience and passion? We're always looking for quality writers. Find out more about and apply today!