The Government Accountability Office says money that was paid to insurers should have gone to the Treasury. The administration defended its interpretation of the law, while Republican seized on it as vindication that the Affordable Care Act is hurting taxpayers.
The New York Times: U.S. Paid Insurers Funds Meant For Treasury, Auditors Say
Federal auditors ruled on Thursday that the Obama administration had violated the law by paying health insurance companies more than allowed under the Affordable Care Act in an effort to hold down insurance premiums. Some of the money was supposed to be deposited in the Treasury, said auditors from the Government Accountability Office. (Pear, 9/29)
In other national health care news —
The Washington Post: Obama Administration May Use Obscure Fund To Pay Billions To ACA Insurers
The Obama administration is maneuvering to pay health insurers billions of dollars the government owes under the Affordable Care Act, through a move that could circumvent Congress and help s**** up the president’s signature legislative achievement before he leaves office. Justice Department officials have privately told several health plans suing over the unpaid money that they are eager to negotiate a broad settlement, which could end up offering payments to about 175 health plans selling coverage on ACA marketplaces, according to insurance executives and lawyers familiar with the talks. (Goldstein, 9/29)