Tag: Financial Mismanagement

By: Marianne Goodland | The Denver Gazette Worries that the quasi-governmental agency that operates Colorado’s official state-based health insurance marketplace was spending money for political purposes turned out to be unfounded, according to a new audit. But the state audit found that Connect for Health Colorado has serious problems with its financial management, including a lack of oversight on the use of a credit card by its chief executive officer. That questionable spending included up to $13,000 on alcohol alone over an 18-month period. The audit released Monday by the Legislative Audit Committee looked into the financial management and sponsorship activity of Connect for Health Colorado. It found that the organization’s policies and oversight need major change...