KEY POINTS

A GAO investigation found that fraudulent Obamacare applications using fake identities were overwhelmingly approved, with federal subsidies paying fictitious accounts $6,700 per applicant annually.

Expanded subsidies under Joe Biden, including $0 per month coverage for the unemployed and higher-income eligibility through 2025, dramatically increased federal spending on Obamacare from $57 billion in 2019 to $124 billion in 2024.

Lawmakers and the GAO warn that overly generous subsidies incentivize fraud and contribute to higher insurance premiums.

A COVID-19-era change to the Affordable Care Act, often referred to as “Obamacare” has been funneling money to insurance companies without providing individuals with health care, according to a recent nonpartisan Government Accounta

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