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Trillions Wasted in Federal Payments
Description
The feds just revealed a jaw-dropping $186 billion in improper payments last fiscal year—with Medicare ($57B) and Medicaid ($37B) leading the list, plus $21B wrongly given to ineligible earners via EITC and $10B lost in SNAP. This isn’t new—since 2003, $3 trillion has been misdirected, likely even more given uncounted risky programs. The spike? COVID-era emergency rollouts (2020–2023). Now VP Vance’s task force is forcing states to tighten oversight or risk funding cuts, as the GAO has long urged Congress and agencies to fix systemic waste and fraud.
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