The agency charged with overseeing implementation of the Affordable Care Act could not guarantee that tax credits under the law went solely to Obamacare enrollees who had paid their premiums, government inspectors discovered.
A report released Wednesday said that in 2014, the Centers for Medicare and Medicaid Services relied on health insurers to confirm that payments based on the tax credits were accurately doled out without an independent system to verify or audit the determinations.
The inspector general for the Department of Health and Human Services, the parent agency, concluded that “federal funds may be at risk” without an effective system to ensure that the payments to confirmed Obamacare enrollees were correct.
The Affordable Care Act provides the tax credits to help low-income enrollees pay their monthly premiums. In 2014, insurers managed nearly $11 billion in tax credits, according to a Treasury Department report.