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MILLION DOLLAR HEIST: Audit Of C4HCO Shows Major Mismanagement Of Funds ( Colorado ObamaCare)
ColoradoPeakPolitics ^ | December 8, 2014

Posted on 01/12/2015 1:59:16 PM PST by george76

Rep. Dan Nordberg, the author of last year’s audit bill, had this to say in a statement: “With only a limited performance audit, the state auditor found Connect for Health Colorado committed numerous federal law violations, and nearly 40 percent of sampled contracts had problems totaling more than $32 million dollars.

“Sadly, I am not surprised. I have had ongoing concerns about how Connect for Health Colorado was managing tax payers’ funds, which is why I pushed so hard last year to expand the auditor’s oversight of this organization. I hope Democrats will see the light and support my efforts this year to give the state auditor’s office the authority it needs to expose this kind of government waste and help us better protect tax payer funds.”

...

A state audit released Monday found that Colorado’s health insurance exchange lacks adequate financial controls and failed to ensure it spent public funds in accordance with federal laws…

Findings of the audit include: Connect for Health didn’t properly track fund sources or payments or take steps to contain personnel costs… The exchange does not have adequate financial controls over purchases from vendors… Auditors identified over $32 million in problems with 35 of the 92 payments and reimbursements they sampled, and contracts they reviewed…

The OSA also found high-dollar payments to some vendors without executed contracts or without board approval, and found that Connect for Health did not consistently take steps to contain its administrative costs.

(Excerpt) Read more at coloradopeakpolitics.com ...


TOPICS: Crime/Corruption; Government; News/Current Events; US: Colorado
KEYWORDS: 0carenightmare; coloradoexchange; exchanges; health; healthinsurance; insurance; obamacare

1 posted on 01/12/2015 1:59:16 PM PST by george76
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To: george76

Obamacare is a DNC cash cow.


2 posted on 01/12/2015 2:02:14 PM PST by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: george76

Don’t expect to see this in the Denver Pest or the Bolder “People’s” Camera.


3 posted on 01/12/2015 2:03:05 PM PST by Da Coyote
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To: Da Coyote

Oops, that’s “Boulder”.

It’s the keyboard’s fault and I’m stickin’ to that story.


4 posted on 01/12/2015 2:03:41 PM PST by Da Coyote
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To: george76

Their TV ads are playing all over the place now and they are awful.


5 posted on 01/12/2015 2:08:24 PM PST by colorado tanker
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To: Oldeconomybuyer
And should anyone be surprised..??

I stood in-line behind a women...in a mom and pop store today...I was buying a cup of coffee.

She had three kids under 16...all buying junk food. Candy bars, soda's...etc...etc...

She had a better cell phone than I..do. And about 14 tattoo's that I could see....

And then paid with an EBT card...........

She looked able bodied to me....Not fat...skinny in fact. Prolly a druggie..........

Frankly I'm tired of this crap..........

6 posted on 01/12/2015 2:09:07 PM PST by Osage Orange (I have strong feelings about gun control. If there's a gun around, I want to be controlling it.)
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To: Osage Orange

EBT fraud is out of control. Needs to be severely restricted.

nobama phones are abused, too.


7 posted on 01/12/2015 2:29:02 PM PST by upchuck (Entrenched incumbency is the disease. Fresh blood is the cure.)
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To: Osage Orange

I encourage everyone to go to WalMart on the 3rd of every month to see first hand how our tax dollars are being spent.


8 posted on 01/12/2015 2:33:13 PM PST by eyeamok
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To: george76
"Connect for Health Colorado committed numerous federal law violations...."

Violations of the law? The chief law enforcement office of the US demonstrated how he feels about the law. Why should a state agency feel any different?

9 posted on 01/12/2015 2:33:19 PM PST by mosaicwolf (Strength and Honor)
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To: george76

I thought the headline was a reference to methyl bicarbonate. I couldn’t understand why anyone would steal it.


10 posted on 01/12/2015 2:35:48 PM PST by IronJack
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To: george76

Shocked face is broken


11 posted on 01/12/2015 3:09:49 PM PST by VTenigma (The Democratic party is the party of the mathematically challenged)
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To: george76
Federal laws under this Admin do not exist for Democrats. That's ok though
because the statute of limitations gives Americans plenty of time to vote
in the right people who will send them all to prison.
12 posted on 01/12/2015 3:14:38 PM PST by MaxMax (Pay Attention and you'll be pissed off too! FIRE BOEHNER, NOW!)
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To: george76

Let me guess this is one of those companies, with political connections, that started up just to take advantages of ObamaCare subsidies and stuff? One of those in Iowa failed recently.


13 posted on 01/12/2015 3:15:40 PM PST by GeronL
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To: george76

Wake me when names are read off...preferably in front of the courtroom.

Else, like all things gov’t, nothing will come of robbing the taxpayers of $30+MILLION (chump change, I’m sure). While any Citizen, being $5 off their IRS forms....


14 posted on 01/12/2015 4:25:44 PM PST by i_robot73 (Give me one example and I will show where gov't is the root of the problem(s).)
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To: MileHi; dynachrome; Balata; bboop; BulletBobCo; Carley; ColoCowgirl; Colorado Doug; ...

Colorado Ping ( Let me know if you wish to be added or removed from the list.)

and .. Health Department reverses course, now says patient will be tested for Ebola (colorado)

http://www.freerepublic.com/focus/f-news/3246166/posts


15 posted on 01/12/2015 5:27:15 PM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: george76

The same dems who passed that gun control crap couldn’t wait to jump on board the obamadon’tcare express. This will be an expensive fiasco.


16 posted on 01/12/2015 6:10:35 PM PST by MileHi (Liberalism is an ideology of parasites, hypocrites, grievance mongers, victims, and control freaks.)
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To: MileHi

Likely, Tons of kickbacks.


17 posted on 01/12/2015 6:57:58 PM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: upchuck

“EBT fraud is out of control. Needs to be severely restricted.”

Yeah, maybe if they restricted the fraud, they’d have money for people who legitimately need it but can’t get it.


18 posted on 01/13/2015 5:59:11 PM PST by dsc (Any attempt to move a government to the left is a crime against humanity.)
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