Posted on 06/16/2015 3:07:29 PM PDT by Signalman
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.
The OIG reviewed subsidies paid to insurance companies between January and April 2014. The audit found that CMS did not have a process to “prevent or detect any possible substantial errors” in subsidy payments.
The OIG said the agency did not have a system to “ensure that financial assistance payments were made on behalf of confirmed enrollees and in the correct amounts.”
In addition, CMS relied too heavily on data from health insurance companies and had no system for state-based exchanges to “submit enrollee eligibility data for financial assistance payments.”
The government does “not plan to perform a timely reconciliation” of the $2.8 billion in subsidies.
The audit was released as the country awaits a Supreme Court ruling that could make all federal subsidies invalid, since the majority of states did not set up their own health insurance exchange.
(Excerpt) Read more at freebeacon.com ...
People that under report or fail to report income can certainly abuse the system. My take is according to the ACA law, they can come after you for being $1 dollar over the subsidy income limit. That would be worth the fight if your know your correct. I was assuming your talking about taxes in general...
“The government does “not plan to perform a timely reconciliation” of the $2.8 billion in subsidies.”
so HHS/CMS can just shrug their shoulders and say “what difference does it make”? shouldn’t Congress suggest to HHS that maybe their budget should be cut by this same amount until they DO make a timely reconciliation. HHS/CMS have given the middle finger salute to the American taxpayer, because our Congress critters could care less. Shouldn’t some congressional oversight committee with purview over HHS ask for hearings? as if that would lead to any real discovery of where the money went.
If they look for it in the US ,they’re looking in the wrong country
The Elected Criminals, and their enablers couldn't care less...
The parasites couldn't care less.
If the money runs out, rob more from Social Security.
If that runs out raise taxes.
As a last resort...
Wait.
Simple mathematics demand that somewhere along the spending trail, there will be a tipping point where the working productive can't pay more taxes to keep supporting the useless, non-productive majority, which would include union and government employees at all levels.
The only remaining remedy, then, will then faggots and pitchforks...
Does the word “embezzled” come to mind?
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