The Soc. Security Admin Has a 99.996% Accuracy Rate for Paying Benefits to the Right People

[babylonsister]

Remarkable!

http://www.slate.com/blogs/moneybox/2013/06/24/social_security_errors_they_re_incredibly_rare.html

The Social Security Administration Has a 99.996% Accuracy Rate for Paying Benefits to the Right People

By Matthew Yglesias

Posted Monday, June 24, 2013, at 1:37 PM


"Social Security Kept Paying Benefits to 1,546 Deceased" reads Damian Paletta's Wall Street Journal headline, revealing that "the agency improperly paid $31 million in benefits" to these dead people.

But, as Nicholas Beaudrot writes, this is an astonishingly low error ratio for an agency that makes $750 billion in payments per year. That's especially true because the Social Security Administration has good reasons for biasing itself against erroneously cutting people off of their benefits. Paying money to 1,546 people who are actually dead is bad. Stopping payments to 1,546 people who are actually alive and winding up with them dying homeless when they can't pay the rent would be worse.

In other words—good job, Social Security Administration!

[RebelOne]

1. Social Security pays my benefit right on time each month,

so I have nothing to complain about.

[RagAss]

2. Still a mainframe system...that's why it works.

[avaistheone1]

3. Then we must privatize it. Let the private sector perfect it.

[PoliticAverse]

4. "No easy fix for woman erroneously declared 'dead'"

http://www.ksl.com/?nid=148&sid=24299738

[Freddie]

5. Extremely efficient

My Mom died May 25. May 31 her SS payment was direct deposited. June 3 they reached into the bank account and took the $$ back.
There are many things the government can do better if the other side would just STFU and let them. Health care, K-12 education, prisons are just a few things that should be against the law to privitize IMO.