$10 Million of Your Tax Dollars Scorched
Thursday, May 5, 2016
Where would you find spending standards even looser than Obamacare? You guessed it – Salem. That’s why we give this week’s Golden Fleece Award for wasteful government spending to the Oregon Health Plan (OHP), which blew $10 million in 2014 on excessive overhead.
Our OHP wizards launched “reforms” two years ago and sold them as money savers. Then, according to a Health & Human Services audit, they ignored federal requirements that private insurance companies spend 85% of their funds on medical costs and only 15% on overhead.
Maybe they thought it was the other way around. Oh, well, it wasn’t their money.