Saturday, June 20, 2015

Feds Lost $3 Billion in Obamacare Subsidies

What could possibly go wrong with Obamacare?  How can we count the ways?  First, insurance premiums skyrocketed to the point where the majority of Americans can’t afford it without a government subsidy.  Second, deductibles are so high people are becoming exasperated at paying exorbitant out of pocket expenses.  Third, good luck in finding a doctor or hospital to accept Obamacare, and finally the insult of an incompetent and unaccountable federal government bureaucracy.  

The Free Beacon reported the following:

The federal government cannot verify nearly $3 billion in subsidies distributed through Obamacare, putting significant taxpayer funding “at risk,” according to a new audit report. 
The Department of Health and Human Services (HHS) Office of Inspector General (OIG) released an audit Tuesday finding that the agency did not have an internal system to ensure that subsidies went to the right enrollees, or in the correct amounts.

“[The Centers for Medicare and Medicaid Services] CMS’s internal controls did not effectively ensure the accuracy of nearly $2.8 billion in aggregate financial assistance payments made to insurance companies under the Affordable Care Act during the first four months that these payments were made,” the OIG said.

 “CMS’s system of internal controls could not ensure that CMS made correct financial assistance payments,” they said.

Should we really be surprised by this?  Has anyone searched the Clinton Foundation?


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