Health insurance exchanges

Inspector General questions accuracy of $2.8B in ACA Subsidies

The Centers for Medicare and Medicaid Services’ internal controls did not effectively ensure the accuracy of nearly $2.8 billion in financial assistance payments to insurance companies under the Affordable Care Act during the first four months that the payments were made, according to a new government report.

Michael Cohn
By Michael Cohn
Editor-in-chief, AccountingToday.com

Senate probes ACA tax credit problems

The head of a Senate investigative subcommittee said he plans to look into problems with the health insurance marketplaces set up for the Affordable Care Act that forced many taxpayers to owe some of the tax credit money they had received for buying health insurance.

Michael Cohn
By Michael Cohn
Editor-in-chief, AccountingToday.com

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