Thursday, November 18, 2010

Federal Government made $125 billion in improper payments last year

 

federal government's improper payments totaled about $125 billion in fiscal 2010 as unemployment insurance and Medicaid payments increased, officials said Tuesday. But agencies also recovered about $687 million mistakenly paid to delinquent government contractors and beneficiaries.

overall payment error rate dropped to 5.49 percent in fiscal 2010, down from 5.65 percent the previous year

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