I swear, sometimes I think every freakin’ day is Groundhog Day when it comes to our Federal government. They simply don’t seem to learn a damn thing from past fiascos.
Well, at least the current Administration doesn’t.
Remember the Lifeline fiasco I wrote about the other day – that “free phone” program where the Federal government depended for years on unchecked self-certification to determine eligibility? Remember how well that worked out?
Wanna guess how the Federal government is going to determine whether people qualify for tax credits under the new Patently Phoney Patient Privacy and Absurd ‘Affordable’ Care Abomination Act next year? C’mon – take a guess.
But hey, I’m gonna be a hardass here. You only get one guess.
If you guessed “self-certification with no requirement for backup documentation or cross-checking” – AKA the “honor system” – give yourself a freaking gold star. ‘Cause that’s exactly how the Federal government plans to hand out PPACA-related tax credits next year.
Until last year, that’s the same method the Federal government used to determine eligibility for Lifeline phones. Based on early indications from imposing cross-checking and requiring annual re-certification, looks like that program had about a 41% fraud rate.
It’s also how the Federal government determines eligibility today for the Earned Income Tax Credit (EITC). That program is estimated to lose 20-25% of its total annual outlays to fraud.
Ya know, I kinda think I’m seeing a pattern here. But maybe it’s just me.
Predictably, the FBI expects to see fraud related to this new tax credit – a LOT of fraud. They’re currently estimating we’ll see on the order of $20 billion in healthcare tax credit fraud next year. I think that might be in the ballpark – for the first year. Then it will skyrocket. And it’s possible that estimate could be way low for the first year, too.
Looks like it really is “Here we go again.” And remember: that’s yet another “bennie” to the US taxpayer, courtesy of the PPACA. So just grit your teeth and bend over.
Yeah, that’s courtesy of the PPACA, too.