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