John Thune: “The exchanges are rife with potential for waste, fraud…”

“221%. In other words, this program is doing the very opposite of lowering health care costs. And as if soaring premiums weren't a big enough problem, The exchanges are rife with potential for waste, fraud, abuse. A damning report from the Government Accountability Office released Last week found that the exchanges continue to enroll fake individuals, are improperly paying out subsidies and are failing to ensure payment accuracy, potentially putting taxpayers on the hook for millions or billions in improper payments.” (03:23–03:30)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.