Jason Smith: “I include in the Record the bombshell GAO report showing the waste, fraud, and abuse within the ObamaCare exchanges.…”

“I include in the Record the bombshell GAO report showing the waste, fraud, and abuse within the ObamaCare exchanges. GAO, U.S. Government Accountability Office, Washington, DC, December 3, 2025. Hon. Brett Guthrie, Chairman, Committee on Energy and Commerce, House of Representatives. Hon. Jim Jordan, Chairman, Committee on the Judiciary, House of Representatives. Hon. Jason Smith, Chairman, Committee on Ways and Means, House of Representatives. Patient Protection and Affordable Care Act: Preliminary Results from Ongoing Review Suggest Fraud Risks in the Advance Premium Tax Credit Persist The Patient Protection and Affordable Care Act (PPACA) provides premium tax credits to those who purchase private health insurance plans and meet certain income and other requirements. Individuals may have the federal government pay this credit to their health insurance issuers in advance on their behalf, known as the advance premium tax credit (APTC), which lowers their monthly premium payments. Millions of consumers have purchased health insurance plans through the marketplaces established under PPACA. The Centers for Medicare & Medicaid Services (CMS), within the Department of Health and Human Services (HHS), is responsible for maintaining the federal Marketplace and overseeing state-based marketplaces.”