Mainstream media silent
The Obama administration improperly paid out $434 million to Obamacare customers to pay down the cost of insurance in 2014, the first year the law’s health insurance marketplaces went online, a federal watchdog reported Monday.
Health and Human Services’ Office of the Inspector General released a report Monday that outlined the improper payments during Obamacare’s first year.
In a review of 140 health insurance policies sold in 2014, the inspector general found that Centers for Medicare & Medicaid Services improperly paid out financial assistance payments for 26 policies.
For the other five policies, CMS authorized possibly improper financial assistance to insurers that didn’t provide the right documentation.