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Government Watchdog Says Obamacare Made Illegal Payments to Insurers

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A government watchdog said Thursday that one of the programs of Obamacare under the Obama administration was making illegal payments to its insurers instead of the U.S. Treasury.

The Government Accountability Office took issue with Obamacare’s reinsurance program, which is designed to stabilize the healthcare marketplace and protect against premium increases in the early years of the healthcare law, The Hill reported.

The Hill reports that under the program, the government takes money from insurers and then gives it to plans with high-cost enrollees. – READ MORE

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