A Social Security Administration (SSA) audit has discovered nearly $17 billion in overpayments made to beneficiaries between 2003 and 2014. The report sampled 1,532 beneficiaries and found 44.5 percent of them received too much in payments, were no longer disabled, were in prison or had died.
Of the $16.8 billion in erroneous payments, the report found $8.1 billion had been recovered, leaving a net loss for taxpayers of $8.7 billion over the decade the report covered. It also found the “SSA prevented about $8 billion in overpayments” over the same period.
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