Watch live: Vance, Oz to announce crackdown on alleged Obamacare fraud
Summary
Vice President Vance and Dr. Mehmet Oz, head of the Centers for Medicare and Medicaid Services, will announce a new effort to stop fraud in Affordable Care Act (Obamacare) insurance programs. The plan includes ending subsidy payments for about 760,000 accounts that are believed to be fake, unauthorized, or not qualified.Key Facts
- Vice President Vance and Dr. Mehmet Oz are leading the announcement.
- Dr. Mehmet Oz is in charge of the Centers for Medicare and Medicaid Services (CMS).
- The crackdown focuses on fraud in the Affordable Care Act insurance exchanges.
- Approximately 760,000 accounts are targeted for having fraudulent or ineligible subsidy claims.
- The administration plans to stop subsidy payments linked to these accounts.
- The subsidies help lower the cost of health insurance for eligible people.
- The crackdown aims to protect the integrity of Obamacare programs.
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