Tag: improper payments

Waste, Corruption, and Budget Deficits

  The critics of Health Care Reform have a point – its expensive. At least $940 Billion worth of expensive over a 10 year period, maybe more. Sure, almost all of it is off-set by taxes and fees.

  But what if I was to tell you that I knew of a way to pay for it, and more, without raising taxes or making any cuts at all?

 It sounds too good to be true, right?

And yet its still true. The trick is hidden in a GAO report from three weeks ago that didn’t get any media attention.

 Improper Payments: Federal entities reported estimates of improper payment amounts that totaled $98.7 billion for fiscal year 2009, which represented about 5 percent of $1.9 trillion of reported outlays for the related programs.

That’s nearly $100 Billion in payments that should not have been made, and $26.2 Billion more than last year. Or to put it another way, that’s more than one year of the cost of health care reform right there.