WASHINGTON (AP) — The nonpartisan investigative agency of Congress says the Obama administration failed to follow the president's health care law in a $5 billion dispute over compensating insurers for high costs from seriously ill patients.
The finding by the Government Accountability Office is a setback for the White House and bolsters Republican complaints that administration officials bent the law as problems arose carrying out its complicated provisions.
The law specified that $5 billion from a $25 billion fee to compensate insurers would go directly to the Treasury. But when fee collections fell short, the administration failed to allocate a share of money to the Treasury.
The GAO says that's "inconsistent with the plain meaning of the statute."
That finding — in an arcane dispute - may complicate administration efforts to stabilize premiums.
