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Economy
O'care Subsidies Latest Failure
2014-05-17
This is on the front page of the Dallas Morning News, but I couldn't find it at the website.
The government has identified the errors, which are the result of discrepancies in income listings on insurance applications and those on file with the Internal Revenue Service, but has been unable to fix the problem, according to the report.
So folks - unexpectedly - lied about their income to qualify for bigger subsidies, and the IRS cross-check caught them. Maybe. Maybe some are IRS blunders, others simple keypunch errors. Maybe. Good thing we're hiring 15,000 more IRS agents to enforce O'care!
Since income information is used to determine subsidy eligibility under the law, the federal government may be paying insurance subsidies that are too generous or not enough for more than 1 million Americans with income discrepancies.
I predict the ol' 80-20 rule - 80% lied and are getting too much and 20% made an error and are not getting enough of my tax dollars. According to the 'law'.
Only a fraction of consumers notified about the discrepancies have responded to federal health officials' requests to submit pay stubs or other proof of their income.
Supporting the ol' 80-20 rule!
According to internal documents obtained by the newspaper, income discrepancies exist on 1.1 million to 1.5 million out of nearly 4 million applications containing inconsistencies.
So another way to say it would be "the errors are uncountable". OTOH, this is some sort of confirmation that at least 4 million have signed up!
Filled out the application, at any rate. It doesn't comfirm then they continued by sending in a check.
Because technology does not exist to match income "proof" with applications, officials plan to start the work of sorting out inaccurate incomes and subsidies by hand starting this summer.
Maybe 15,000 new IRS agents is just the tip of the iceberg? Revenue neutral, you said?
Posted by:Bobby

#2  Because technology does not exist to match income "proof" with applications,

Ah, the next Manhattan Project.


Posted by: Shipman   2014-05-17 10:36  

#1  O'Care explained:
1. In order to insure the uninsured, we first have to un-insure the insured.

2. Next, we require the newly un-insured to be re-insured.

3. To re-insure the newly un-insured, they are required to pay extra charges to be re-insured.

4. The extra charges are required so that the original insured, who became un-insured, and then became re-insured, can pay enough extra so that the original un-insured can be insured, free of charge to them.

(This is called “redistribution of wealth” … or, by its more common name, SOCIALISM.)

Posted by: Besoeker   2014-05-17 09:51  

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