Tags: Healthcare Reform | Office of Management and Budget | government waste | Obamacare

OMB: US Wasted $100 Billion in Improper Payments in 2012

Wednesday, 19 Feb 2014 02:23 PM

By Courtney Coren

The federal government made more than $100 billion in incorrect payments in 2012 to those participating in the various entitlement programs, according to data from the Office of Management and Budget.

The top five entities that showed improper payments, which include both fraud and mistakes, were Medicare Fee-for-Service, Medicaid, Medicare Advantage, the Earned Income Tax Credit, Unemployment Insurance, and Supplemental Security Income, National Review Online reported. 

There is concern that the problem will worsen under Obamacare.

The Fiscal Times reported in January that the federal government made $688 billion in improper payments from 2002 to 2012. 

"The reality is that federal spending has grown too massive to be adequately overseen, and the resultant waste, fraud, and abuse squanders public resources and undermines trust in government," Veronique de Rugy, senior research fellow at the Mercatus Center at George Mason University," wrote in National Review Online.

Related Stories:

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Illegals Could Wait Until 2019 to Have Cases Resolved

Sunday, 01 Feb 2015 11:13 AM

Thousands of immigrants seeking legalization through the U.S. court system have had their hearings canceled and are bein . . .

'American Sniper' Sets Super Bowl Weekend Record

Sunday, 01 Feb 2015 12:37 PM

American Sniper is nearing the $250 million mark after picking up $31.8 million to set a new Super Bowl weekend record. . . .

California Suffers Dry January, Prolonging Devastating Drought

Sunday, 01 Feb 2015 10:40 AM

California has experienced one of the driest Januarys on record, and the lack of rain during a time of year when the wea . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved