Booking fictitious sales, or sales that are contingent, falls within a common definition of accounting fraud.
In yet another example of how poorly things are going, the Obama administration will count as enrollees people who have completed the application process, but not yet paid, via WaPo:
The fight over how to define the new health law’s success is coming down to one question: Who counts as an Obamacare enrollee?Health insurance plans only count subscribers as enrolled in a health plan once they’ve submited [sic] a payment. That is when the carrier sends out a member card and begins paying doctor bills.When the Obama administration releases health law enrollment figures later this week, though, it will use a more expansive definition. It will count people who have purchased a plan as well as those who have a plan sitting in their online shopping cart but have not yet paid.“In the data that will be released this week, ‘enrollment’ will measure people who have filled out an application and selected a qualified health plan in the marketplace,” said an administration official, who requested anonymity to frankly describe the methodology.
Does this mean I have to pay for all the stuff in my “cart”?
To top it off, James O’Keefe mounted an undercover operation which caught a “navigator” trainee suggesting a fraudulent application be submitted:
(Featured image source: YouTube)
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