An official who monitors the Internal Revenue Service has detected signs of possible problems with agency efforts to prevent health insurance premium tax credit fraud.
J. Russell George, the Treasury Inspector General for Tax Administration, testified about his Patient Protection and Affordable Care premium tax credit fraud concerns Wednesday at an IRS oversight hearing organized by the House Appropriations financial services subcommittee.
George noted that, in September 2013, as the PPACA public exchange open-enrollment season began and consumers were preparing to apply to use the premium tax credits to pay for health coverage, the IRS had not yet put major fraud mitigation systems in place and was still working on two of the systems.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
