WASHINGTON (AP) — More troubles for the health care overhaul. Subsidies to help people buy insurance under the law may be vulnerable to fraud, a Treasury Department watchdog said Tuesday in a report suggesting that concerns about the law are far from over.
The rollout of the law has been hurt by canceled policies and problems with the federal website used by people to enroll in health plans, causing political headaches for President Barack Obama and for Democrats in Congress. The new problems concern subsidies that are available to low- and medium-income people who buy health insurance through state-based exchanges that opened in October.
Those subsidies are administered by the Internal Revenue Service in the form of tax credits, and that's where the trouble arises.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.