ACA/Obamacare: Government Failure to the Tune of $3 Billion

“The Obama administration cannot account for nearly $3 billion in subsidies paid to insurance companies in 2014, according to a government watchdog.

Those dollars are untraceable because the Department of Health and Human Services (HHS) did not have “effective” methods to do so, according to a report from the department’s inspector general.

That lack of internal control means "a significant amount of federal funds are at risk," the report, released Tuesday, warns, though government health officials said they have resolved, or are working to resolve, most of the issues.

For four months in ObamaCare’s first year of offering insurance subsidies, HHS officials could not confirm that payments were made “to confirmed enrollees and in the correct amounts,” according to the report. State-run marketplaces also had no way of submitting enrollee eligibility data.” - Government can't explain $3B in ObamaCare payments, the hill.com, 06/17/2015

Link to the entire article appears below:

http://thehill.com/policy/healthcare/245257-audit-government-cant-explain-3b-in-obamacare-payments