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flag The U.S. loses $162B in improper payments in 2024, mostly in Medicare, Medicaid, and other benefits, with fraud costing up to $521B annually.

flag A Government Accountability Office report reveals the federal government loses $233 billion to $521 billion annually to fraud, with $162 billion in improper payments in fiscal year 2024 alone, mostly in Medicare, Medicaid, SNAP, tax credits, and the Restaurant Revitalization Fund. flag Medicare accounted for 34% of improper payments. flag While AI could help detect fraud, the report warns it requires reliable data and human oversight. flag It also urges making permanent a requirement for the Social Security Administration to share death data with the Treasury’s “Do Not Pay” system to stop payments to deceased individuals.

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