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FBC Varney Company July 23, 2014

Down, the dow still very close to record highs. No summer doldrums here. And we will start with the obamacare bomb shell, an undercover investigation by the Government Accountability office found the obamacare system is extremely vulnerable to fraud. Investigators were able to sign a 11 out of 12 applicants of subsidize coverage using fraudulent information. As we said they lied about income, use fake ids, fake documents the government did not check. Lying worked. Washington, Allison Barber joins us now. When we put this information out there and this is the gao study, General Accounting Office study, doesnt it encourage more fraud, more lying because people realize how easy it is under the government cant check . Not sure, that is not the intention behind it but it raises questions from republican lawmakers when you look at this study, 11 out of 12. That amounts to 30,000 worth of subsidies every year that could be potentially given away. Maybe 12 people, that is a small group but whe

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