The Government Accountability Office added two more federal programs to its “high risk” list in a report released this week, bringing the total up to 32.
Those high risk programs are ones the GAO deems to be extremely vulnerable to fraud, waste, abuse and mismanagement, putting billions of dollars of taxpayer money at risk.
The two new high-risk programs include VA Health Care, which has been found to be plagued with fraud and mismanagement, and federal IT acquisitions, which the GAO added in the wake of the Healthcare.gov fiasco.
Since President Obama came into office promising to run government more effectively and responsibly, the GAO has added nine programs to its “high risk” list and has taken just three off. The auditing department does say the administration and Congress have made good progress on several high-risk areas, but not enough to take them off its list.
The 300-plus page report provides a depressing litany of just how massive and how ineptly run the federal government is. It’s a virtual encyclopedia of poor training, inadequate oversight, lack of accountability and massive IT problems with federal programs that handle hundreds of billions of dollars of taxpayer money.
The GAO notes, for example, that the federal government spends a jaw-dropping $80 billion each year on IT investments, and that they “too frequently fail or incur cost overruns and schedule slippages while contributing little to mission-related outcomes.”
The IRS pays $5.8 billion in fraudulent refunds each year.
Medicare wastes $60 billion a year in improper payments to doctors and hospitals.
Medicaid made $17.5 billion in improper payments last year, the first year of ObamaCare’s massive expansion of the program. That’s a 22% increase from the year before.
The U.S. Postal Service piled up $10.5 billion in net losses over the past two years, even though it’s required to balance its books.
The depressing list goes on and on.
View more information: https://www.investors.com/politics/commentary/government-accountability-office-adds-two-more-high-risk-programs/