WASHINGTON D.C. — A scathing new report from the Government Accountability Office (GAO) has uncovered a “cesspool of fraud” within the Obamacare marketplace, revealing that the Biden administration’s removal of oversight allowed
$21 billion in taxpayer funds to flow to fraudsters, dead people, and fake applicants.
The “Dead” Enrollees In one of the most shocking revelations, the report found that $94 million
in subsidies were paid out to insurers for enrollees who were already deceased.
- 58,000 Social Security Numbers matched death records.
- At least 7,000 enrollees were confirmed dead before their coverage even started.
Systemic Failure: 90% Success Rate for Fraudsters To test the system, GAO investigators applied for coverage using fake identities and fabricated documents. The result? A 90% approval rate. The system is so broken that a single Social Security Number was used to secure
125 different insurance policies, racking up “71 years” of coverage for one fraudster.
Insurers Get Rich, Taxpayers Pay the Bill Critics argue this wasn’t an accident, but a feature of the Biden administration’s policy to pump up enrollment numbers by eliminating verification checks. “This is the smoking gun,” said Chairman Smith. “The federal government is shoveling tens of billions of tax dollars to insurance companies through identity fraud.”
With subsidies set to expire this month, Republicans are vowing to block any extension until this “broken system” is completely overhauled.