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IRS Has Lost 14% Of O-Care Implementation Fund

From Fox News:

IRS failed to account for $67M in ObamaCare costs, report says

September 26, 2013

The Internal Revenue Service is unable to account for $67 million in spending related to the implementation of ObamaCare, according to an IRS watchdog report released Wednesday.

The report by the Treasury Inspector General for Tax Administration said the money was part of a $488 million fund established to cover implementation costs between 2010 through 2012.

So almost 14% of this fund has just gone missing? How wonderful. And typical. And what kind of implementation were they doing in 2010 through 2012, anyway?

The $67 million in unaccounted-for spending was associated with "indirect" implementation costs, which can include providing employees with workspace and information technology support.

The report recommended the IRS improve its record-keeping for direct labor charges associated with implementing ObamaCare.

You think?

"TIGTA found that costs charged to [the Health Insurance Reform Implementation Fund] funding related to direct labor were sometimes inaccurate and not always substantiated by reliable supporting documentation," the report states.

Oh, the irony. Funny, the IRS is such a stickler about supporting documentation when it comes to our taxes.

But don’t worry. The IRS will do a great job keeping tabs on whether we bought health insurance or not. At least, if they suspect we might be conservatives or Tea Party supporters.

The report concluded that the IRS "lacks complete information regarding the full cost of [Affordable Care Act] implementation."

"This lack of complete information on ACA implementation costs limits the IRS’s ability to accurately report to stakeholders the total resources it applied to the ACA implementation and fully estimate the resources needed in the future for this effort," the report states…

Nobody knows the the cost of implementation is going to be. Because they don’t want to know.

This article was posted by Steve Gilbert on Thursday, September 26th, 2013. Comments are currently closed.

3 Responses to “IRS Has Lost 14% Of O-Care Implementation Fund”

  1. Right of the People

    New Mercedes and vacation homes for all the top Infernal Revenue Service executives! Hey it’s only 67 million, pocket change to the Oster and his posse.

  2. Durbin and Reid last seen partying on the Isle of Skorpios, having bought their way into the Russian Mafia …

    /Man Love

  3. canary

    Obama High fives IRS with 92 Million in Bonuses

    http://finance.townhall.com/co...../page/full

    Couldn’t post about the “fun wining and or dining parties” they treated themselves to in celebration, because’ve treated themselves to, because “tea parties” and “political parties” over lead in searching.


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