Roll Back of Premiums on Schedule
IMTEC-90-30: Published: Mar 16, 1990. Publicly Released: Mar 26, 1990.
Pursuant to a congressional request, GAO addressed the Social Security Administration's (SSA) efforts to stop withholding Medicare catastrophic coverage premiums.
GAO found that: (1) SSA planned to complete computer reprogramming by mid-March 1990; (2) the Treasury would issue two refunds totalling $572 million in excess withholdings; and (3) Medicare appropriated funds would cover the $49-million cost of collecting premiums while still issuing refunds.