DEMOCRATS' FAILED HEALTH CARE POLICIES: OBAMACARE FRAUD RESULTS IN BILLIONS FOR INSURANCE COMPANIES, DENIED CLAIMS FOR PATIENTS
The following information was released by the
"Obamacare fraud is a cash cow for insurance companies that is driving up health care costs for Americans, and
Thesurge in fraud traces backto the establishment of the Biden-era "COVID credits" that made taxpayers 100 percent fully subsidize millions of ACA plans, while loosening verification rules and allowing year-round sign-ups. These policies created irresistible incentives:
Brokers could sign anyone up, or switch existing customers, for a
Insurers profited from a flood of new "members" who never filed a claim but generated monthly premium payments funded completely by American taxpayers.
Consumers, unaware they'd been enrolled, only discovered the fraud when their tax refunds disappeared.
The Cruel Reality of Obamacare Fraud
Across the country,innocentAmericans are paying the price:
A woman living in a homeless shelter was lured into signing false paperwork and lost her HIV treatment coverage as a result. Another said she had been paid to sign up "probably five times."
In Miami-Dade County,moresupposedly low-income residents are now enrolled in free Obamacare plans than actually live theredespite most already having other health insurance or being ineligible due to their immigration status.
Conswallo Turner (TX) responded to a Facebook ad that promised "cash cards" resulting in multiple changes to her plan and dropping of coverage for her son, without her consent.
Dafud Iza (FL) pleaded guilty in a
"I believe this is the largest health insurance fraud case ever,"saidAtlanta Attorney
Watchdogs Have Reported on This Fraud, but Democrats Have Done Nothing
The above examples are not isolated incidents. They are symptoms of a broken system that Democratsshut down the government to protect.
6.4 million individuals areestimatedto be improperly enrolled in Obamacare plans, costing taxpayers
The
12 million Obamacare enrollees in 2024filedzero medical claims, meaning many never knew they were even covered.
The DOJ has charged brokers in
CMSsaidit receivedapproximately 40,000 complaints of unauthorized plan switches and 50,000 complaints of unauthorized enrollments in the ACA marketplace in the first three months of 2024, alone.
In April, victims and whistleblowers filed a national class actionlawsuitagainst TrueCoverage,
Agents were told to lie, avoid government inquiries, and "be vague" about nonexistent cash cards.
A whistleblower testified that "top performers were people lying bluntly," enrolling families to hit sales targets.
Companies used personal data harvested from online ads offering "



GOLDEN VOTES TO REOPEN GOVERNMENT, CONTINUE BIPARTISAN NEGOTIATIONS ON RENEWING ACA TAX CREDITS
CHICAGO FED ANNUAL ECONOMIC OUTLOOK SYMPOSIUM
Advisor News
- Metlife study finds less than half of US workforce holistically healthy
- Invigorating client relationships with AI coaching
- SEC: Get-rich-quick influencer Tai Lopez was running a Ponzi scam
- Companies take greater interest in employee financial wellness
- Tax refund won’t do what fed says it will
More Advisor NewsAnnuity News
- The structural rise of structured products
- How next-gen pricing tech can help insurers offer better annuity products
- Continental General Acquires Block of Life Insurance, Annuity and Health Policies from State Guaranty Associations
- Lincoln reports strong life/annuity sales, executes with ‘discipline and focus’
- LIMRA launches the Lifetime Income Initiative
More Annuity NewsHealth/Employee Benefits News
- Cigna plans to lay off 2,000 employees worldwide
- Insurer ends coverage of Medicare Advantage Plan
- NM House approves fund to pay for expired federal health care tax credits
- Lawmakers advance Reynolds’ proposal for submitting state-based health insurance waiver
- Students at HPHS celebrate 'No One Eats Alone Day'
More Health/Employee Benefits NewsLife Insurance News