Only in America: Social Security Administration spends more than it gains while trying to recover erroneous overpayments
The Social Security Administration spent three times more money than it collected while trying to recover accidental overpayments. Between 2008 and 2013, a report by the inspector general found, the SSA spent $323 million in an effort to recoup $128 million in overpayments, actually recovering only $109 million — a net loss of $214 million. "For some overpayments," the report noted, "collection was not always cost beneficial."
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