SENATOR MARSHALL JOINS COLLEAGUES CALLING FOR DOJ INVESTIGATION INTO FRAUDULENT OBAMACARE SUBSIDIES
States News Service
The following information was released by Kansas Senator Roger Marshall:
U.S. Senator Roger Marshall, M.D. (R-Kansas), joined Republican colleagues in a letter led by Senator John Cornyn (R-Texas) urging the Department of Justice (DOJ) to investigate and recover Obamacare subsidy payments made to insurance companies during the Biden administration that stemmed from fraudulent, unauthorized, or improper enrollments ensuring taxpayer dollars are not lost to waste, fraud, and abuse.
In the letter to the DOJ, the Senators wrote:
"Every improper enrollment in an ACA marketplace plan directly harms the American taxpayer. When fraudulent or unauthorized enrollments occur, brokers receive commissions and insurance companies receive federal subsidy payments even when the consumer never consented to coverage."
"Between January and August 2024 alone, CMS received approximately 275,000 complaints from consumers who were enrolled in a plan or had their coverage changed without their consent. These schemes have already cost taxpayers hundreds of millions of dollars, including cases involving more than $180 million in improper subsidy payments."
"The Government Accountability Office has confirmed that significant fraud risks remain. Most concerning, GAO could not identify evidence of reconciliation for more than $21 billion in ACA marketplace subsidies in tax year 2023."
"The Department of Justice has a responsibility to ensure taxpayer funds are not misused. I urge DOJ to pursue all available civil remedies to recover subsidy payments made to insurance companies as a result of waste, fraud, and abuse."
CORNYN LEADS GOP COLLEAGUES IN CALLING ON DOJ TO RECOUP FRAUDULENT OBAMACARE SUBSIDY PAYMENTS
NM Legislature day 23 recap: Requiring insurance to pay for wheelchairs; TIME magazine honors NM Gov
Advisor News
- Equitable launches 403(b) pooled employer plan to support nonprofits
- Financial FOMO is quietly straining relationships
- GDP growth to rebound in 2027-2029; markets to see more volatility in 2026
- Health-related costs are the greatest threat to retirement security
- Social Security literacy is crucial for advisors
More Advisor NewsAnnuity News
- Best’s Special Report: Analysis Shows Drastic Shift in Life Insurance Reserves Toward Annuity Products, and a Slide in Credit Quality
- MetLife to Announce First Quarter 2026 Results
- CT commissioner: 70% of policyholders covered in PHL liquidation plan
- ‘I get confused:’ Regulators ponder increasing illustration complexities
- Three ways the Corebridge/Equitable merger could shake up the annuity market
More Annuity NewsHealth/Employee Benefits News
- Largest health insurer in Mass. may owe $23.5M amid bankruptcy fallout
- Texas lawmakers hold hearing on ‘epidemic' of social services fraud as state increases scrutiny
- GOVERNOR KELLY SIGNS BIPARTISAN BILL TO EXPAND HEALTH COVERAGE FOR KANSAS CHILDREN
- Latino: The truth about ACA subsidies after the "One Big Beautiful Bill"
- Virginia insurance regulators order rate cuts for several Aflac policies
More Health/Employee Benefits NewsLife Insurance News
- AM Best Assigns Credit Ratings to North American Fire & General Insurance Company Limited and North American Life Insurance Company Limited
- Supporting the ‘better late than never’ market with life insurance
- Best’s Special Report: Analysis Shows Drastic Shift in Life Insurance Reserves Toward Annuity Products, and a Slide in Credit Quality
- The child-free client: how advisors can support this growing demographic
- WoodmenLife 2025 annual report celebrates family, community and country
More Life Insurance News