HHS Rejects GAO Finding It Ignored Law By Prioritizing Insurers Over Treasury For Reinsurance Funds

The Obama administration is flatly rejecting findings by Congress' investigative arm that HHS overstepped its authority by sending the bulk of the ACA's reinsurance fund to exchange issuers instead of compensating the U.S. Treasury. Key Republicans pounced on the Government Accountability Office (GAO) opinion to reaffirm their charge that the administration violated the clear language of the statute. HHS says it strongly disagrees with GAO, arguing it formulated the reinsurance policy, which has helped mitigate premiums for consumers, in a...