The investigators charged with keeping tabs on the Internal Revenue Service have no way to tell how well they can detect health insurance premium tax credit fraud.
J. Russell George, the Treasury inspector general for tax administration testified about the concern today at a hearing on the 2015 U.S. Treasury Department budget request organized by a Senate Appropriations Committee subcommittee.
The Patient Protection and Affordable Care Act created a "refundable tax credit" that moderate-income consumers can pay for "qualified health plan" coverage bought through the public exchanges.
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Allison Bell
Allison Bell, ThinkAdvisor's insurance editor, previously was LifeHealthPro's health insurance editor. 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 at [email protected] or on Twitter at @Think_Allison.
