A $20 Billion CPA Program to Help Pay for Healthcare Is Getting A Lot of Attention
Axios has learned that a $20 billion CPA program that provides financial assistance for hospitals is receiving much more attention than it deserves.
Axios reported on Monday that the CPA Investment Institute, which is part of the CFPB, has been receiving hundreds of millions of dollars in new funding over the past year, which has raised questions about the program’s legitimacy.
In the past month, Axios wrote, the CAA’s CPA investment program has received more than $4.5 million in funding from the Federal Reserve, the Federal Insurance Corporation, and the Office of Management and Budget.
The new money is used to pay for a slew of services the CSA hopes to add to the program, including financial services, technology, training, and marketing.
Axio also said that the program is being used to fund a new program to provide funding for more than 40,000 new CPA training programs and other CPA related services.
“In short, the $20B program is paying for new CAA-funded training programs that may or may not be needed, while the CFA funders are taking on more and more risk,” Axios quoted one of the agency’s board members, David Gershman, as saying.
The CPA Funders Association is a lobbying group representing investment firms and other firms that work with CPA programs.
The group was established by Congress in 1993 as a means of allowing investors to avoid a tax bill that could result from a bankruptcy.
In a statement to Axios, Gersheman said, “As the largest CPA association in the country, CPA is uniquely positioned to provide a comprehensive and cost-effective CPA solution to our clients.
It is the industry’s strongest lobbying force and we are grateful for the CGA’s support and assistance.”
The CFA Funders’ Association did not immediately respond to Axiios’ request for comment.
Axiio reported that the new funding for CPA’s investment program was meant to be a way to fund other CFA programs that have been funded by the CBA, which provides financial aid to corporations and individuals.
The funding would have provided $50 million to the CCA, the association said in a statement.
Axiom, a company that runs an online CPA certification program, is also receiving funding from CFA.
In February, Axiom said that it had received a total of $3.5 billion in funding over 10 years.