Wednesday, June 17, 2015

Where Has All the Money Gone?

50 years ago Peter, Paul and Mary asked "Where have all the flowers gone?". This folk song originally written by Pete Seeger became a classic in the early 60's when recorded by the Kingston Trio, the Four Seasons, Joan Baez, Peter, Paul and Mary and several others.

The song was sung at "peace rallies" and adopted as a war protest song.

Fast forward to 2015. There are still wars, soldiers that die way before their time and families left to ponder what could have been. Now the OIG (Office of Inspector General) is asking a different question.

Where has all the money gone?

Apparently the folks in DC can't account for all the subsidy money paid out under Obamacare.
as “we await a Supreme Court decision that could have a huge impact on ObamaCare” and revealed “just how much confusion the President's health care law is causing with book keepers.” 
In a live shot from the White House, correspondent Kevin Corke explained that the 39-page report contained “a number of recommendations about how to deal with a potential accounting gap between what the administration has been paying insurers under ObamaCare and what it may ultimately end up owing.” - Newsbusters
Potential accounting gap.

Say what?
“[t]he problem actually lies in the web site and its unfinished back end” where insurers are supposed to “communicate enrollee information with [the] federal government,” but have not been fully able to do so to the tune of “almost $2.8 billion in subsidies or tax credits to insurers in just the first four months of 2014.” 
And in the middle of everything is the STILL UNFINISHED website.

Your government has shelled out $2.8 BILLION in premium subsidies cannot be tracked to particular individuals or policies. At this time they don't even know if they legally owed that money or not.

To make matters worse, the audit only covers the first 4 months of 2014.

Perhaps we need our own protest song. Too bad Pete Seeger is no longer with us. We could use his talents right now.

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