Feds Can’t Verify $2.8 Billion in Obamacare Subsidies

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.

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SHOCKER ! COMMIECARE A FRAUD AND A SCAM , IMAGINE THAT ! NOT SURPRISING, CONSIDERING THE FEDS RUN IT .

Welcome to the obummer nation.

This is CRIMINAL CONDUCT by the program managers... government regulations and laws require that payments to contractors and other parties be certified by senior government administrators as legitimate before being made... 

If improper or inadequate procedures... normal accounting standards, for verifying payments  are legitimate, were not in place; then, the authorizing manager/government officer should be indicted, tried, and if found guilty, jailed.  Malfeasance while in office is a criminal offense and failure to provide adequate safeguards to protect Billions of Taxpayer dollars from being fraudulently paid requires prosecution, not just disclosure.  Those companies making claims and/or receiving illegal payments also need their CEO's and Boards of Directors indicted and if convicted jailed.

It is time to stop the pattern of discovering malfeasance in office and doing nothing about it... the amounts involved certainly rise to the 'criminal conduct' level and suggest deliberate criminal intent to defraud the government.  I for one am sick of the Various IG's finding such negligence and incompetent criminal behavior and doing nothing but reporting it... no follow up with criminal prosecution. 

It went where it was planned to go.   Dem SLUSH FUND.   Every grant/program put out by this Dem Adm is not about "helping" the people.   Fannie/Freddie the Clinton slush fund.   Good old Rahm Emanuel  spent a couple of months there after leaving the Clinton ADm and created the "bonus" bundling  for good Dems. 

The only way to deal with open lawlessness is thru massive IMPEACHMENT trials and the wholesale removal of the criminal elements in government.  Congress has long neglected its duty and now we find huge numbers of political appointees violating the laws of the United States... spending money that is not authorized by law is misappropriation of government funds and may also constitute fraud among other crimes.  The first dollar spent is a crime... billions of dollars being spent that were not appropriated is massive evidence of a 'criminal enterprise' and the RICO Act kicks in.

IMPEACHMENT MUST BEGIN NOW.

"the American people are to stupid", now who do we recall who said that?!!  I think it was "the Grubb!!"  This is so dispicable that our Congress cannot or will not put a stop to these commy infiltrators!!  This is the continuous destruction of our economy, so the the "commy pair" can pull the plug later this year!!

Dictator Obama Care has nothing to do with health care.

JUST lost a few billion: quit whining could've been a trillion; OH WAIT it is: OOOPPPPS.

Bull$$$$ they can't.  They don't want to.  They're part of govscam.

Obunglers....and they want us to trust them with anything?..They magically turn everything they touch into dung piles....maybe thats why it stinks so bad in DC.

Makes one wonder why the federal government even tries to pretend it is not corrupt

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ALERT ALERT

Obama Lies Again: – Ignores That The Year After Signing The Stimulus More Than (4) Million Jobs Were Lost

Former President Obama, the only President in US history who had his FBI and other Intel agencies spy on the opposition party candidate, claims that he created the great economy that Americans are enjoying today. The only thing Obama created was debt and massive job losses with his horrible economic recovery.

Yesterday the former President tweeted an effort to take credit for President Trump’s successful economy:

Joe Hoft@joehoft

Of course another @BarackObama lie. He can’t open his mouth without lying. 11 years ago the US lost (4.3) million jobs over the next 12 months. Horrible liar. https://twitter.com/barackobama/status/1229432034650722304 

Barack Obama  @BarackObama

Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history.

President Obama’s policies were a disgrace and a failure. He doubled the national debt in spite of zero interest rates from the Fed. His recovery was the worst in US history.

Also, Obama’s assertion is just plain false. The ‘Stimulus’ was passed in February 2009 right after Obama took over the Presidency. He promised to not pass any bills for at least a week to allow for the bills to be read by the people but lied as soon as he was sworn in. The Stimulus was hundreds and hundreds of pages of government handouts to Democrat districts and it was close to $1 million. This was not what America needed and it led to the Tea Party.

Far-left Wikipedia has this to say about the Stimulus:

Note that in his infinite wisdom, NYT economist Paul Krugman is credited with arguing that “the stimulus was far smaller than the economic crisis warranted”. (He also said the markets would crash and burn if President Trump was elected President.)

The data shows that the 12 months after Obama’s stimulus, the US lost 4.3 million jobs:

In Obama’s first three years he netted a loss of 1.5 million jobs compared to President Trump who has added more than 6.7 million jobs.

When it comes to the economy, the billionaire schools the community organizer every time.

Tucker: Bloomberg is trying to buy the election

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