May 2016 Archives

Billions Spent Illegally on ACA Benefits

The Affordable Care Act ("ACA") created both tax credits to make health insurance premiums more affordable and cost-sharing reductions intended to reduce deductibles, coinsurance, and co-pays. According to the ACA, insurers are required to reduce the cost-sharing of eligible individuals enrolled in their plans; and the insurers are supposed to get their money back from the federal government. As of June 2015, about 5.6 million people received cost-sharing reductions.(https://www.cms.gov/Newsroom/MediaReleaseDatabase/Fact-sheets/2015-Fact-sheets-items/2015-09-08.html)

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