Showing posts with label fraud. Show all posts
Showing posts with label fraud. Show all posts

Thursday, July 24, 2014

That time when 61% of fake names were approved for subsidies by the ACA

I've said it before:
The best part of our government is the GAO... the general accounting office.

In a sting, they decided to see how many times they could put fake names past the uber-sophisticated ACA, and see if they could qualify for subsidies.
Guess how many were approved of the 18?
11.
Which is about a 61% success rate in creating fake names.

Wow.

Before the ACA was passed, a few of us (I'M POINTING TO MYSELF RIGHT NOW) suggested that it would be the greatest opportunity for fraud ever created.
Heck, I even wrote the premise for a novel based on that very idea.

But its already happening.  I'd love to know how many insurance companies are creating their own fake people just to do this?

Here's my favorite pull quote from the article:

The nonpartisan Government Accountability Office says its undercover investigators were able to get subsidized health care under fake names in 11 out of 18 attempts. The GAO is still paying premiums for the policies, even as the Obama administration attempts to verify phony documentation.

The defense of the government is that you still need an insurance company, so how on earth could you defraud the government in such a way?

As if its hard to imagine how to do that.


Friday, February 26, 2010

The Health Care Summit Was A Stunt

This time, its not me saying so:
Murakami added that the summit is a "big PR stunt" where "nothing is going to be decided."

No kidding Murakami.