Tag Archive: Medicaire


Waste, Fraud, And Abuse In Federal Spending

 

 

 

 

 

” The federal government spent over $100 billion in taxpayer funds improperly in 2012— one element of that notorious “waste, fraud, and abuse” in federal spending that we hear so much about. Scholars at the Mercatus Center recently released a chart that shows the breakdown of these improper payments across federal programs.

  Perhaps not surprisingly, the lion’s share of this improper is in three largest healthcare entitlement programs: Medicare Fee-for-Service, Medicare Advantage (Part C), and Medicaid. Combined, these programs account for a whopping $61.9 billion in improper payments. To put that in perspective, $61.9 billion is more than the entire 2014 budget for the Department of Homeland Security. In other words, we’re talking about real money.”

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The Heritage Foundation

 

    Total US Government unfunded liabilities are estimated to be between $195 Trillion as stated above and $238 Trillion , not including another unfunded liability of $4 Trillion that belongs to the individual states .