Today’s Spotlight: Fraudulent Insurance Subsidies
Posted at 9:09 a.m. on July 23, 2014
A House Ways and Means oversight panel this morning examines the process for applying for the health care overhaul’s premium tax credits. The insurance subsidies are at the center of two contrasting court decisions released on Tuesday from court panels in Washington, D.C., and Richmond, Va.
This hearing, however, isn’t about the legality of the subsidies themselves — it’s about cases where people may have fraudulently attained such benefits.
The Subcommittee on Oversight hears testimony from the Government Accountability Office on the preliminary results of a GAO undercover examination of federal internal controls to prevent fraudulent consumer applications for the tax credits.
Tuesday’s court rulings split on the legality of IRS regulations issued in 2012 that allowed subsidies for plans offered on both state and federally operated insurance exchanges.