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Title : $21.8 million in ObamaCare tax credits awarded to individuals not eligible to receive them
link : $21.8 million in ObamaCare tax credits awarded to individuals not eligible to receive them

$21.8 million in ObamaCare tax credits awarded to individuals not eligible to receive them

Advanced Premium Tax Credits are used to help reduce the premium amount the insured pays for their ACA coverage.  Exchanges (State and Federal) are supposed to verify identity and eligibility at the time of application for coverage/subsidy.

The Affordable Care Act exchanges awarded $21.8 million in advance premium tax credits to individuals who were not eligible to receive them, according to an audit from the Treasury Inspector General for Tax Administration.

The audit found that the exchanges did not successfully verify the identity of 35,276 individuals, and these individuals received $112 million in advance premium tax credits. The report notes that the majority of these applications—99 percent—had no verification process performed on them, and 251 failed identity verification. 

Fox News  Article by Ali Meyer of Washington Free Beacon

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