A stunning new report from our friends at Paragon Health Institute, quantifies the stunning scale of Obamacare fraud under the Biden administration, with millions of enrollees now receiving subsidies for which they are supposed to be ineligible based on income.

The problem started when Biden made Obamacare “free” (fully taxpayer-funded) for incomes between 100 and 150 percent of the federal poverty level:

President Biden signed legislation that increased these subsidies through 2025, making plans fully-subsidized for enrollees with income between 100 percent and 150 percent of the federal poverty line (FPL). Enrollees in this income range also qualify for a cost-sharing reduction program that raises plan actuarial value to 94 percent with minimal deductibles and cost-sharing requirements. The Biden administration has also pursued administrative actions which have made this coverage more accessible for lower-income households and loosened eligibility reviews.

The result is that, miraculously, many states now have more people signed up in this stated income range than actually exist.  The study found:

Overall, fraudulent exchange enrollment appears to be a significant problem in nearly half of the states. We estimate that fraudulent enrollment at 100 percent to 150 percent FPL is likely upwards of four to five million people in 2024. We estimate, conservatively, that this cost will likely be upwards of $15 to $20 billion this year.

As this chart shows, Obamacare enrollees under Biden have overwhelmingly claimed to be in the income range in which taxpayers pick up the full cost of premiums: