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Obamacare Officials May Have Cost Taxpayers $1 Billion

Consumer Power Report #489Subscribe here.  A new report from the Office of Inspector General (OIG) at the Department of Health and Human Services (HHS) reveals in 2014, the year the Obamacare health insurance exchanges first opened, there was a significant lack of oversight of tax-credit payments sent to insurers, leading many to question how much of the $11 billion of taxpayer money paid to insurers in 2014 was fraudulent. One of the most important parts of the Affordable Care Act (ACA)...

Lawmakers Close Obamacare ‘Risk Corridor’ Bailout Process

As part of the Consolidated Appropriations Act (CAA), the $1.1 trillion omnibus spending deal passed in December, provisions included in the Affordable Care Act (ACA) that transfer taxpayer money to health insurance companies were revised, reducing the opportunities for government agencies to subsidize insurance companies and offset financial losses caused by ACA’s costly reformation of the nation’s health care industry. These provisions, called “risk corridors,” were adopted to subsidize...

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