ICYMI: Chairman Smith on The Will Cain Show: Big Insurance Cashed in on Taxpayer Subsidies for Health Care That Wasn’t Actually Provided
WASHINGTON, D.C. – Ways and Means Committee Chairman Jason Smith (MO-08) joined Fox News’ The Will Cain Show to discuss the Trump administration’s recent action to crack down on fraudulent Obamacare enrollments, building on the Committee’s investigation into improper subsidies that found cases in which health insurance companies received taxpayer-funded subsidies for coverage for dead people and fake applicants.
Click here to watch the full interview.
Interview Excerpts:
On the Ways and Means Committee’s investigation finding dead people receiving Obamacare subsidies…
“I asked for the Government Accountability Office to look into these Obamacare subsidies… They provided a report and, in that report, said 59,000 dead people were having their insurance subsidized under Obamacare.”
On fake GAO applicants receiving Obamacare subsidies…
“They did fake accounts, with fake Social Security numbers, and all 20 applicants were approved for Obamacare. And then a year later, 90% of those applicants were still being subsidized.”
On Big Insurance companies receiving government subsidies for coverage that was not actually provided…
“Insurance companies were being subsidized for health insurance that wasn’t being provided. So, when you look at the 760,000 people that they’re taking off… those are problems. The money adds up, as you saw, $2.2 billion.”
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