Op-Ed: 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
The GAO report is timely and uncovers substantial abuse and fraud in a major government program. It should also serve as a warning and demonstrate the need for meaningful oversight in other government taxpayer-funded programs.
Dr.



Why‍‌‍‍‌ Hiring a New Jersey Personal Injury Lawyer Is Essential for Your Case
AM Best Affirms Credit Ratings of Spirit Insurance Company and Radius Insurance Company
Advisor News
- Worker retirement confidence dips to lowest level in a decade
- What’s behind private equity investment in insurance brokerages
- Advisors get a win as NJ Senate passes independent contractor bill
- Why federal retirement benefits are more complex than advisors realize
- Why timing the market is still a retirement mistake and what to do instead
More Advisor NewsAnnuity News
- Best’s Special Report: U.S. Life/Annuity Industry Sees Bottom-Line Growth Despite 18% Decline in Total Income in First-Quarter 2026
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- Fortitude Re Completes $500 Million FABN Issuance
- Reframing retirement income for greater certainty
- Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
More Annuity NewsHealth/Employee Benefits News
- How much money do Connecticut residents need to retire comfortably?
- Hicks Thomas Continues Managed Care Growth with Addition of Veteran Trial Lawyer Mitch Reid
- Wyoming lawmakers mull solutions to rising healthcare costs
- Minnesota health insurers seek double-digit rate increases for 2027
- Outsider Zach Lahn couldn’t stop Montana Medicaid expansion
More Health/Employee Benefits NewsLife Insurance News
- How much money do Connecticut residents need to retire comfortably?
- Earl Dudley Jr. to Become Chief Human Resources Officer at Mutual of Omaha
- How accelerated underwriting is transforming life insurance
- OVER $107 MILLION IN LIFE INSURANCE BENEFITS LOCATED FOR TENNESSEANS IN 2025 THROUGH NAIC'S LIFE INSURANCE POLICY LOCATOR SERVICE
- Maryland Heights man pleads guilty in murder-for-hire death of his mom
More Life Insurance News