900,000 get wrong tax info in latest Obamneycare snafu
invite response
2015 Feb 20, 12:21pm 2,374 views 3 comments
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curious2
2015 Feb 20, 1:08pm
subsidy on the discount premium
CIC, you're right that many taxpayers will be surprised to pay more than they expected, but you seem to blame the wrong villain. The individual taxpayer is never given any part of the subsidy, and in most instances the "discount" is of a type that would be prohibited in all other retail sectors, i.e. "half off the triple price." The subsidy goes only to the insurer, to enable insurers to raise premiums higher than the market would bear. The legislation drives premiums and spending higher than under prior law, and almost everyone ends up paying more than before, without real benefit. Even where the newly "insured" get "free" Medicaid, they don't get any objective health benefit, and the higher spending at artificially inflated prices is actually a loan that can be recaptured from purported "beneficiaries" when they die.
indigenous
2015 Feb 20, 1:57pm
Don't forget to include, when these people are finally able to file their returns, approximately half will need to include a check to pay back their un-earned subsidy on the discount premium they were given last year....
SURPRISE!!!
Oh I love Obama he is so wonderful, giving all of us healthcare and all, he is such a nice guy...
"Healthcare.gov [has] been targeted by hackers and shared personal information with marketing companies in the past six months, and now it's trying to clean up a mess for the nearly 800,000 people it just sent incorrect tax information to. The Obama administration confirmed the issue earlier this morning, and officials promised on the Healthcare.gov blog to contact affected households via phone call and email over the next few days."
"California, which is running its own insurance market, on Thursday announced a similar problem affecting about 100,000 people in that state."
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