Shocker: Obamacare Fraud Still Rampant

Back in 2010 while lobbying for the healthcare law that would bear his name, President Obama said significant savings could be achieved by weeding out “waste, fraud and abuse” in Medicare, Medicaid and private health insurance plans. The savings, it was argued, would help fund the hundreds of billions to be spent on subsidizing healthcare plans under Obamacare.

Now more than six years into the law, reports continue to show that Obamacare is rife with fraud and abuse, with several GAO audits finding that on every occasion attempted, fraudulent subsidies were issued to non-existent people with invalid Social Security numbers, or to people who did not tax returns necessary to qualify for the subsidies.

As CNBC reported, “Don’t worry if you don’t exist, you can still get Obamacare.”

Congressional critics of Obamacare seized on the audits as further proof that the health-care reform law is not working as promised, and that the Obama administration was being lax in securing the insurance marketplaces against fraud.

“It’s déjà vu all over again as it seems the situation only continues to get worse, and we all are paying the price,” House Energy and Commerce Committee Chairman Fred Upton, R-Mich told CNBC.

Added House Ways and Means Chairman Kevin Brady (R-TX), “The fact that the exchanges are so susceptible to fraud is just further proof that the president’s health care law is not working as promised — and wasting billions of taxpayer dollars in the process.”