American Military News by Timothy Frudd July 27, 2024
President Joe Biden’s Department of Veterans Affairs is expecting to fall roughly $15 billion short of what the department needs to cover health care and benefits for this year and next year, potentially putting veteran benefits at risk.
According to Military.com, Veterans Affairs officials recently told Congress that the shortfall is partially due to more veterans utilizing the department’s services than initially expected. Under the PACT Act, the department said Veterans Affairs benefits accounts could be $2.9 billion short this year, while health care accounts could be approximately $12 billion short next year due to multiple factors, including unexpected prescription drug and staffing costs.
In a statement obtained by Military.com, the department explained it was working with Congress and the White House to solve the budget shortfalls without harming veterans reliant on its health care and other resources.
More:
https://americanmilitarynews.com/2024/07/vet-benefits-at-risk-as-va-faces-15-billion-shortfall/
