A prescription for fraud? GAO finds serious abuses in Obamacare exchanges
Remember when Americans were told that the Affordable Care Act (also known as Obamacare) would lower health care costs and that if you liked your doctor, you could keep her? How things have changed over the past 15 years.
Health care costs continue to rise faster than inflation and millions of Americans have discovered that their health insurance plans don't cover their chosen physician.
As the saying goes, to add insult to injury, the Government Accountability Office (GAO) recently released a severe indictment of the federal Obamacare insurance exchanges that revealed troubling fraud in the program. The GAO enrolled 24 fake applicants in the federal exchange, with 18 being approved. The annual subsidy that each "applicant" received was
That's not a huge amount, but the GAO investigation went deeper. It found that in 2023, there were 29,000 duplicate
Also, the GAO discovered that when insurance brokers submitted incorrect or false
The financial impact gets worse. In 2023 alone, the GAO found that there was no income verification on
With this lack of oversight or outright fraud, it would be beneficial to know how large the entire Obamacare exchange program is today. Data from 2024 reveal that the total cost of the subsidies in the ACA exchanges was


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