Obamacare Fraud (ACA) Exposed By GAO

The Government Accountability Office (GAO) has exposed Healthcare.gov aka Barack Obamacare, and its state healthcare marketplaces for approving fictitious applications as eligible for subsidies for the 2nd year running, according to the GAO’s latest congressional report.

“Now a year later, GAO has reported that nothing has changed and that, if anything, there are more problems,” Sen. Orrin Hatch (R-UT) said Tuesday. “Worst of all, the administration has known about these problems for over a year now and has apparently not taken the necessary steps to rectify them.”

In a US government watchdog sting in Y 2015 and repeated in Y 2016, the GAO acted as an ordinary consumer in the healthcare marketplace, completing fake online applications and making phone calls as instructed, using fake Social Security cards, driver’s licenses, etc., according to the report.

The Affordable Care Act requires the marketplace to validate application information, but 9 of 12 fake applicants were approved for coverage and subsidies, and only 3 were appropriately denied, per the GAO.

Those 9 were cleared for advance premium tax credit subsidies, which averaged about $1,580 per month — $18,960 per year — according to the report.

“The Department of Health and Human Services takes seriously its commitment to ensuring the program integrity of the marketplaces established by the Affordable Care Act,” Jim Esquea, assistant secretary for HHS, said side stepping the fraudulent activities.

  ACA, fraud, GAO, healthcare, Obama, report

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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