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SPY
Market Watch
13 hrs

Social Security’s ‘dead people’ and Medicare’s fraudsters: real. But stopping them won’t save the budget.

1. Gene Dodaro confirms rampant fraud in Medicare, Medicaid, and Social Security. 2. Pandemic fraud led to losses between $230 billion and $520 billion. 3. Federal deficit reaches $2 trillion over the past 11 months. 4. Medicare fraud enforcement has been ongoing, but savings remain minimal. 5. Accountability program was disbanded in 2015, worsening pandemic fraud.

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FAQ

Why Neutral?

The article highlights budgetary inefficiencies, but does not signal immediate market changes.

How important is it?

The article addresses significant budgetary issues but lacks direct implications for SPY's performance.

Why Long Term?

Ongoing fraud issues may affect investor confidence and federal spending, influencing markets gradually.

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