{"id":2007,"date":"2023-11-17T22:30:24","date_gmt":"2023-11-17T22:30:24","guid":{"rendered":"https:\/\/healthynewsusa.com\/?p=2007"},"modified":"2023-11-17T22:30:28","modified_gmt":"2023-11-17T22:30:28","slug":"new-social-security-report-shows-growing-overpayment-problem-tops-23b","status":"publish","type":"post","link":"https:\/\/healthynewsusa.com\/?p=2007","title":{"rendered":"New Social Security Report Shows Growing Overpayment Problem Tops $23B"},"content":{"rendered":"
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A new financial report released by the Social Security Administration this week shows that the scope of the agency\u2019s overpayment problem has continued to grow.<\/p>\n

As of Oct. 1, the SSA had an uncollected balance of $23 billion in overpayments \u2014 money the agency had determined it mistakenly paid to beneficiaries across the country but had not been able to claw back, despite repeated attempts to do so.<\/p>\n

In September, a series of investigative reports<\/a> by KFF Health News and Cox Media Group television stations first revealed the magnitude of the problem<\/a> and shared the experiences of dozens of people who\u2019ve received letters from the federal agency demanding repayment, sometimes in the tens of thousands of dollars. At the beginning of fiscal year 2023, the agency\u2019s uncollected balance of overpayments was $21.6 billion.<\/p>\n

Its latest \u201cAgency Financial Report\u201d<\/a> also revealed that the SSA made approximately $11.1 billion in new overpayments to beneficiaries during federal fiscal year 2022, the most recent year of data available. That figure represents more than a 65% increase from overpayments made the previous year. For the past several years, the agency routinely distributed between $6 billion and $7 billion in new overpayments each year.<\/p>\n

The report shows the majority of the 2022 overpayments occurred within the Old-Age, Survivors, and Disability Insurance (OASDI) programs, an estimated $6.5 billion. Those programs provide retirement and survivors\u2019 benefits to qualified workers and their families, or support workers who become disabled and their families.<\/p>\n

In prior years, most of the overpayments occurred within the Supplemental Security Income program, which provides financial support to aged, blind, and disabled adults and children who have limited income and resources. In 2022, overpayments within the SSI program topped $4.6 billion, which is similar to previous years.<\/p>\n

The SSA had not yet responded to a request for an explanation of the significant increase in overpayments within OASDI.<\/p>\n

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