Fraudulent pandemic claims higher than originally reported
You know a robbery is bad when it takes years to figure out how much was stolen. States have long known that they paid billions in fraudulent unemployment claims during the pandemic. But this week the federal government more than doubled its estimate in stolen payments to as much as
The new figure comes from a report released Tuesday by the Government Accountability Office (GAO). The finding is a rebuke to the
The agency reached its estimate by assessing a sample of more than 2,500 unemployment insurance payments issued from 2020 to 2023.
The
The GAO reports that states had recovered only
Well-functioning? In a sane government, the fraud explosion would be a call to action. But in today's
A version of this editorial originally appeared in the



New Mexico increases access to mental health services
Zelis® and Google Wallet Bring Security, Convenience and Efficiency to Healthcare Consumers
Advisor News
- Retirement optimism climbs, but emotion-driven investing threatens growth
- US economy to ride tax cut tailwind but faces risks
- Investor use of online brokerage accounts, new investment techniques rises
- How 831(b) plans can protect your practice from unexpected, uninsured costs
- Does a $1M make you rich? Many millionaires today don’t think so
More Advisor NewsAnnuity News
- Judge denies new trial for Jeffrey Cutter on Advisors Act violation
- Great-West Life & Annuity Insurance Company Trademark Application for “EMPOWER BENEFIT CONSULTING SERVICES” Filed: Great-West Life & Annuity Insurance Company
- 2025 Top 5 Annuity Stories: Lawsuits, layoffs and Brighthouse sale rumors
- An Application for the Trademark “DYNAMIC RETIREMENT MANAGER” Has Been Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
- Product understanding will drive the future of insurance
More Annuity NewsHealth/Employee Benefits News
Life Insurance News
- To attract Gen Z, insurance must rewrite its story
- Baby On Board
- 2025 Top 5 Life Insurance Stories: IUL takes center stage as lawsuits pile up
- Private placement securities continue to be attractive to insurers
- Inszone Insurance Services Expands Benefits Department in Michigan with Acquisition of Voyage Benefits, LLC
More Life Insurance News