Latest Government Accountability Office Stories

2011-10-19 03:56:29

A Congressional watchdog report issued Monday Oct. 17 raises troubling questions for taxpayers about a proposed five-year block buy of 40 rocket booster cores being advocated by the rockets´ manufacturer, United Launch Alliance (ULA). ULA is a joint venture between aerospace giants Lockheed Martin and Boeing. The report by the Government Accountability Office (GAO), the nonpartisan, investigative arm of the U.S. Congress, found serious flaws with a proposal that would guarantee...

Senators Claim $150 Million Of Tax Dollars Used In 'Drug Dealing'
2011-10-05 04:38:58

A new government report says prescription drug abuse by elderly and disabled beneficiaries of Medicare cost about $150 million in 2008. The report released on Tuesday said some of these patients went to at least five doctors to get multiple prescriptions of drugs. The report by the Government Accountability Office (GAO) said 170,000 people enrolled in Medicare Part D prescription drug program went "doctor shopping" for drugs like oxycodone and hydrocodone. "Medicare Part D...

2011-08-02 07:00:00

CHANGZHOU, China, Aug. 2, 2011 /PRNewswire-Asia/ -- China Kanghui Holdings (NYSE: KH) ("Kanghui" or the "Company"), a leading domestic developer, manufacturer and marketer of orthopedic implants in China, today announced the appointment of Ms. Gao Shuchun as an independent director to the Company's board of directors (the "Board") and as a member of the audit committee of the Board, effective August 2, 2011. "Ms. Gao is a distinguished expert in material science and proven business leader....

2011-08-01 16:47:00

WASHINGTON, Aug. 1, 2011 /PRNewswire-USNewswire/ -- Pharmaceutical Care Management Association (PCMA) President and CEO Mark Merritt released the following statement today on a new Government Accountability Office (GAO) report, "Medicare Part D Formularies: CMS Conducts Oversight of Mid-Year Changes; Most Mid-Year Changes Were Enhancements": "While experts agree that pharmacy benefit managers (PBMs) help Part D come in under budget each year, GAO's new report provides fresh evidence that...

2011-07-13 13:00:00

Following Congressional Hearing, Government Accountability Office (GAO) Recommends Strengthening Data on Child Fatalities to Improve Prevention and Reduce Deaths WASHINGTON, July 13, 2011 /PRNewswire-USNewswire/ -- A congressional hearing held on July 12 about child deaths due to maltreatment called on national experts to explain why the number of child deaths has been undercounted. The hearing coincided with the release of the Government Accountability Office (GAO) report on child abuse...

2011-06-27 18:41:00

DURHAM, N.C., June 27, 2011 /PRNewswire/ -- Chimerix, Inc., a pharmaceutical company developing orally-available antiviral therapeutics, today announced an agreement with the Biomedical Advanced Research and Development Authority (BARDA) of the United States Department of Health and Human Services (HHS) that will resolve the Government Accountability Office (GAO) review of the recent sole source contract awarded to SIGA Technologies, Inc. for the development and delivery of a smallpox...

2011-06-13 07:15:00

WASHINGTON, June 13, 2011 /PRNewswire-USNewswire/ -- The Smithsonian Institution's process to repatriate thousands of Native American human remains and funerary objects in its collections is lengthy and resource intensive and it may take several more decades to return items to tribes under its current system, according to the U.S. Government Accountability Office (GAO). This GAO report is the second of a two-part, three-year effort to examine how publicly funded institutions are...

2011-04-22 08:00:00

WASHINGTON, April 22, 2011 /PRNewswire-USNewswire/ -- The Student Access Student Choice (SASC) Coalition today released the following statement in response to the Department of Education admitting its default rates issued in February, which garnered significant press coverage, were faulty. This comes on the heels of the Government Accountability Office admitting this summer that its previous report on career colleges and universities also contained numerous factual errors ultimately...

2011-03-15 06:40:00

Over the past four years, prescription drug prices grew at a much faster pace than costs for other medical supplies and services, according to a government report. The Government Accountability Office (GAO) found that the "usual and customary" (U&C) price index for the top 100 commonly used drugs rose by an annual average of 6.6 percent from 2006 to the first quarter of 2010, compared to a 3.8 percent average annual increase for medical goods and services. The report contained 55...

Word of the Day
  • A cloth or covering, more or less ornamented, laid over the saddle or furniture of a horse, especially of a sumpter-horse or horse of state.
  • Clothing, especially sumptuous clothing; equipment; outfit.
  • To cover with a caparison, as a horse.
  • To dress sumptuously; adorn with rich dress.
This word ultimately comes from the Medieval Latin 'cappa,' cloak.