Sec. 2. Findings
105 words·~1 min read·
/bill/117/s/3917/is/section-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Congress makes the following findings: Recent estimates show that the Social Security program loses over $4,000,000,000 per year to fraud. In fiscal year 2020, the Medicaid program lost $86,490,000,000 in improper payments and the Medicare program lost another almost $43,000,000,000. The fiscal year 2020 national Children's Health Insurance Program
(CHIP)improper payment rate estimate is 27 percent, representing $4,780,000,000 in improper payments. Millions of Americans experience homelessness, hunger, or lack of healthcare coverage. Yet, our country annually wastes more than $130,000,000,000 in the very programs that were designed to correct these serious problems, demonstrating that our system is failing those who need it the most.