Login or Register
Welcome , Settings |  Logout

IRS to Use $881 M in Taxpayer Dollars to Implement Obamacare

Friday, 15 Jun 2012 10:29 AM

By Todd Beamon

Share:
More . . .
A    A   |
   Email Us   |
   Print   |
The U.S. Internal Revenue Service is expected to use $881 million in taxpayer money to implement the first four years of Obamacare, including more than $500 million that the Department of Health and Human Services (HHS) diverted to the agency, according to a federal audit.

The new Government Accountability Office audit calls Obamacare a “significant effort for IRS,” CNS reported on Friday.

The IRS “implementation costs” are expected to total $881 million from fiscal years 2010 to 2013, it says.

The $881 million cost only covers work through 2013. However, the IRS has implementation work planned through 2018, so the total cost could be higher.

Of the $881 million, $521 million will come from the HHS Health Insurance Reform Implementation Fund (HIRIF), which has been criticized as a “slush fund” by Republicans. The remaining $360 million is to come from IRS’s 2013 budget request, expected to be awarded through the congressional budget process.
HIRIF received $1 billion from Congress to implement the health care overhaul. The GAO has said that transferring $521 million from that to the IRS is legal.

As of the end of fiscal year 2011, IRS had received $187 million of the HHS money, according to the audit. The remaining $332 million is expected to come by the end of this fiscal year. As of April 27, however, about $135 million of that amount had been awarded.


© 2013 Newsmax. All rights reserved.

Share:
More . . .
   Email Us   |
   Print   |
Around the Web
Join the Newsmax community.
Register to share your comments with the community. Already a member? Login
Note: Comments from readers do not necessarily reflect the viewpoint of Newsmax Media. While we attempt to review comments, if you see an inappropriate comment you can block it by rolling over the comment, clicking the down arrow and selecting "Flag As Inappropriate."
blog comments powered by Disqus
 
Email:
Country
Zip Code:
 
Hot Topics
Top Stories
Around the Web
You May Also Like

Military Sexual Assault Crisis Worsens Despite Training Push

Sunday, 19 May 2013 08:24 AM

Under pressure to fight sexual assault, the U.S. armed forces in recent years rolled out education programs about proper . . .

Rand Paul: IRS Scandal 'Tragic' and 'Humorous'

Saturday, 18 May 2013 23:55 PM

Sen. Rand Paul said on Saturday that “it’s so tragic that it’s almost humorous” that the former head of the Internal Rev . . .

Ben Stein: Benghazi is Frank Outright Malfeasance

Saturday, 18 May 2013 22:37 PM

Columnist and actor Ben Stein, who worked for the Nixon administration during the Watergate scandal on Saturday said tha . . .

 
 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved