Tags: Healthcare Reform | IRS | IRS Scandal | investigation | obamacare

Shock Investigation: IRS Makes Half-Billion Goof on Obamacare

Image: Shock Investigation: IRS Makes Half-Billion Goof on Obamacare
Internal Revenue Service building (KAREN BLEIER/AFP/Getty Images)

Friday, 04 Sep 2015 10:49 AM

A new scandal has hit the Affordable Care Act, with a government probe revealing the IRS shelled out $572 million in excess Obamacare tax credits and sent the wrong forms to over half a million Americans.

Results of the investigation released by the Treasury Inspector General for Tax Administration chalked up the embarrassing snafu to a computer programming error, The Washington Free Beacon reports.

The inspector general poured over the IRS's verification of Obamacare's Premium Tax Credits, which help low and medium-income individuals and families by health insurance.

It turns out that individuals who claimed a total of about $240 million in advance payments, actually received in excess of $572 million in excess advance payments.

The probe also revealed a computer glitch that resulted in more than half a million individuals being sent incorrect health insurance forms.

Incorrect versions of the Health Insurance Marketplace Form, or Form 1095-A, were sent out to 800,000 individuals, the Free Beacon reported.

The Center for Medicare and Medicaid Services said it will send corrected 1095-A forms and is urging those affected to delay filing, if possible.

Curtis Kalin, a spokesman for the watchdog group Citizens Against Government Waste, told the Free Beacon:

"This is par for the course with Obamacare. Even after years of work and billions of tax dollars spent, this law again and again fails to prevent the prodigious waste of Americans' money."

The Affordable Care Act has had many issues over the years, including a disastrous launch that kept people from signing up online or had them waiting on the phone for hours to get assistance.

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A new scandal has hit the Affordable Care Act, with a government probe revealing the IRS shelled out $572 million in excess Obamacare tax credits and sent the wrong forms to over half a million Americans. Results of the investigation released by the Treasury Inspector...
investigation, obamacare
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2015-49-04
Friday, 04 Sep 2015 10:49 AM
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