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Text of GAO Response to Congressional Inquiry About HHS Payments Under Transitional Reinsurance Program (PDF)
U.S. Government Accountability Office [GAO] via Energy and Commerce Committee, U.S. House of Representatives
Sept. 30, 2016
13 pages. "[GAO concludes] that HHS lacks authority to ignore the statute's directive to deposit amounts from collections under the transitional reinsurance program in the Treasury and instead make deposits to the Treasury only if its collections reach the amounts for reinsurance payments specified in section 1341. This prioritization of collections for payments to issuers over payments to the Treasury is not authorized. The agency must give effect to the extent possible to all of section 1341, and, therefore, is required to collect and deposit amounts for the Treasury, regardless of whether its collections fall short of the amounts specified in statute for reinsurance payments."
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