The latest paper found that PPP recipients that had been flagged as potentially fraudulent were 17% more likely to purchase a home in 2020 and 2021 than a non-flagged recipient.
Cramer said financial institutions seemed like natural beneficiaries of AI because of the potential to automate processes and improve efficiency, yet management teams have offered little evidence that the technology is materially improving results.
—
Alexa LoMonaco,
CNBC,
15 July 2026
These figures do not include beneficiaries in Medicare Advantage, private insurance plans that cover more than half of Medicare enrollees.
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