IRS Fails to Account for $67 Million for ObamaCare
September 30, 2013
The Internal Revenue Service (IRS) failed to track some $67 million in indirect costs of implementing the 2010 health care overhaul, according to a new inspector general report. The Treasury Inspector General for Tax Administration said that the IRS should have done a better job of accounting for those indirect costs, including cost of workspace and computer support for people working on the health care program, says the Wall Street Journal.
The IRS is central to carrying out the complex health care overhaul.
- For fiscal years 2010 through 2012, the IRS spent about $488 million to carry out the law, using a special fund created by Congress, the report found.
- But the IRS accounted only for direct costs such as labor and contracts. That was consistent with the health care law's intent, but doesn't give a full picture of the costs.
- The law contains about 50 tax provisions, including at least eight that are requiring the agency to build new computer systems and business processes.
Source: John McKinnon, "IG Report: IRS Failed to Track $67 Million for ObamaCare," Wall Street Journal, September 26, 2013.
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