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Richmond Area Chapter - MOAA

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Richmond Area Chapter - MOAA
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Projected $15B VA Budget Shortfall Puts Benefits Payments at Risk

The Department of Veterans Affairs expects to be nearly $15 billion short of what it needs to pay for benefits and health care this year and next, in part because more veterans are using VA services than expected, officials told Congress this week.

An increase in benefits claims driven by the PACT Act could leave VA benefits accounts $2.9 billion short this year. Meanwhile, health care accounts could be nearly $12 billion short next year because of higher-than-expected staffing and prescription drug costs, among other factors.



Richmond Area Chapter - MOAA
Richmond Area Chapter - MOAA

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