Feds Can’t Verify $2.8 Billion in Obamacare Subsidies

Feds Can’t Verify $2.8 Billion in Obamacare Subsidies | Washington Free Beacon
CMS does not know if subsidies went to ‘confirmed enrollees, in the correct amounts’
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 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...