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Improper Payments Information Act (IPIA)

Requires agencies to distinguish programs and activities susceptible to improper payments each year. They must also estimate the amount of overpayments or underpayments. Each year they report to Congress about steps being taken to reduce improper payments.

Actuarial Value

The percentage of health care costs paid by the insurance plan for an average enrollee. The average number is calculated through the expected cost for…