Before policymakers debate over whether or not government should intervene in private industry (the answer is no!), they should start asking themselves whether or not government is competent enough to even intervene correctly.
Fox News reports:
The federal government cannot verify nearly $3 billion in subsidies distributed through ObamaCare, putting significant taxpayer funding “at risk,” according to a new audit report. The Department of Health and Human Services (HHS) Office of Inspector General (OIG) released an audit Tuesday finding that the agency did not have an internal system to ensure that subsidies went to the right enrollees, or in the correct amounts.
“[The Centers for Medicare and Medicaid Services] CMS’s internal controls did not effectively ensure the accuracy of nearly $2.8 billion in aggregate financial assistance payments made to insurance companies under the Affordable Care Act during the first four months that these payments were made,” the OIG said. “CMS’s system of internal controls could not ensure that CMS made correct financial assistance payments,” they said.
It’s possible the federal government is giving away money -your tax dollars- to people who didn’t even qualify for the assistance in the first place. But who needs accountability… What’s $3 billion between friends, anyway?
FreedomWorks Letter to Congress in Support of Fiscal Commision Act (H.R. 5779)