- Wed May 21, 2014 9:48 am
#40790
The Washington Post has obtained information that some people will have to pay back some or maybe all of their subsidies.
The subsidies are based on income of the applicant. In their haste to get Obamacare rolling, subsidies have been paid before income reported on applications was verified. If verification is done quickly over-payments or underpayments can be kept to a minimum.
Now it turns out that the software needed to make the verifications is not only not in place......it doesn't even exist....no one has created yet. They are doing it by hand!
At this point, it is estimated 1 to 1.5 million people will be affected...but as more people apply, that number will increase.
Somewhere along the way some of these people will receive huge tax bills !
Thank you, Barack
http://blog.heritage.org/2014/05/21/yes ... subsidies/
The subsidies are based on income of the applicant. In their haste to get Obamacare rolling, subsidies have been paid before income reported on applications was verified. If verification is done quickly over-payments or underpayments can be kept to a minimum.
Now it turns out that the software needed to make the verifications is not only not in place......it doesn't even exist....no one has created yet. They are doing it by hand!
At this point, it is estimated 1 to 1.5 million people will be affected...but as more people apply, that number will increase.
Somewhere along the way some of these people will receive huge tax bills !
Thank you, Barack
http://blog.heritage.org/2014/05/21/yes ... subsidies/
