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WIBC 9AM-Noon Podcast

US recovers $31 million in Social Security payments to dead people

WIBC 9AM-Noon Podcast

WIBC

News

4.61.2K Ratings

🗓️ 16 January 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Your government has recovered $31 million.

0:08.7

Just a drop in the bucket when you consider it all.

0:12.1

But it was $31 million in Social Security payments that had been mistakenly paid to dead people.

0:18.4

Oh.

0:19.5

Yeah.

0:20.0

So this recovery was part of a five-month pilot program, and it was initiated after Congress granted the Department of Treasury temporary access to the Social Security Administration's full death master file.

0:35.9

It's like something out of a Bond movie, doesn't it? Boy, doesn't that sound ominous? It's the, I need the full death master's file. It's like something out of a Bond movie, doesn't it?

0:37.8

Boy, doesn't that sound ominous?

0:39.5

It's the, I need the full death master file.

0:42.9

Yeah.

0:44.0

So they were given access to this database, and it contained over 142 million records, dating back to 1899.

0:52.0

Oh, wow.

0:52.8

Yeah.

0:53.5

And they found that, well, whoops, your government made a mistake to the tune of $31 million.

0:58.8

They're saying that this is just the tip of the iceberg.

1:02.7

Yeah.

1:03.2

And they project that they will recover over $215 million during a three-year period.

1:10.7

Yeah. So you hit the nail in the head, which is this is some pilot program.

1:14.7

And, you know, they found $31 million over three years, so it's $10 million a year, basically, that they were finding.

1:23.2

And I think about what's actually out there.

1:25.2

I mean, let's go back to COVID.

1:27.2

The billions upon billions of waste, fraud and abuse dollars that have been proven.

...

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