Wednesday, July 10, 2013

Tax-Payers Now Subsidizing Liars!!

According to the Affordable Care Act, in order for a person to qualify for a taxpayer subsidized health insurance policy, he needs two things: The first is an affidavit stating that his employer does not supply adequate health insurance. The second is that he must show that he has a sufficiently low income that he cannot afford to buy health insurance on his own.

The Obama Administration has set aside the first requirement for one year, because it says that it is too onerous to enforce. Now, it is setting aside the second —because it is too difficult to verify at the present time. WOW! Of course, government health insurance is slated to take place on 1 October, right on schedule. The way that is going to happen is that the government is just going to accept the word of the buyer of insurance that his income is low—no verification needed, apparently. The government will dispense the insurance through the national health insurance exchanges.

IRS experience tells that 21%-25% of earned income tax credits go to people who are not eligible for those credits.  If that level of fraud is predictive of the amount of fraud anticipated by asking people to designate their financial qualifications for ObamaCare health insurance through the exchanges, then tax-payers will be picking up $250 billion in fraudulent insurance payments over the next 10 years.

This waiving of verification procedures seems like a transparent attempt to get many people to sign up for insurance through the exchanges; there by showing that government health insurance is the preferred vehicle for coverage. Of course, this will be done at the expense of the taxpayers. As usual, President Obama expects taxpayers to cough up the money.  

As you might expect, this arrangement is in violation of the Affordable Care Act’s specifications. President Obama just does not seem worried about enforcing the features of his own legislative measures.

(This blog post was redacted from the Wall Street Journal of 8 July 2013 page A16.)

1 comment:

  1. Barack Obama is intent on "transforming" (recall he told you)this nation into a big government socialist nation. One of the characteristics of his myriad attacks on the pillars and fabric of the country is that there must be pain associated with the result. The application of pain ultimately leads to citizens simply giving up and falling in line with whatever the government is demanding of them. His flouting of the law, picking and choosing which to enforce according to his desired outcome and his blatant disregard for the Constitution and his oath of office is criminal. He continues on unchecked by a compliant and sycophantic major media.

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