It also resulted in a major increase in fraud. A 2024 GAO investigation found that fake identities were approved for Obamacare subsidies at a 100% rate, often remaining enrolled despite missing or falsified information. In 2023, $21 billion in subsidies were paid out with no evidence of tax reconciliation. Taxpayers are left footing the bill as reused Social Security numbers. Subsidies paid on behalf of deceased individuals and billions in unreconciled payments expose a system unable to protect public funds. (02:02–02:10)
CLAIM
Asserts that $21 billion in subsidies were paid without tax reconciliation in 2023.
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.
