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Townhall
Oops: Obamacare
Enrollees Forced To Unexpectedly Pay IRS For Billions in Subsidies
Agency Improperly Gave Away
Katie Pavlich
May 15, 2015
Put this under the "never ending Obamcare glitches" category.
The Senate Permanent Subcommittee on Investigations is looking into why
the vast majority of H&R Block customers enrolled in Obamacare are
being forced to pay the IRS hundreds of dollars after filing their tax
returns. More from Fox News:
Committee investigators also point to an analysis by
H&R Block that found almost two-thirds of its filers receiving an
ObamaCare tax credit owed the government at the end of the year. On
average, those filers were required to repay more than $700 of their
ObamaCare subsidies. The study found most customers claiming the
credits were confused about the requirements.
ObamaCare offers eligible consumers
government-funded tax credits to buy insurance on exchanges. The
federal government sets the amount based on a recipient's stated
income, family size and whether an applicant's job offers health
coverage. Generally, the health care law offers larger subsidies to
those earning less, and with larger families. If a customer finishes
the year earning more than they stated on their ObamaCare insurance
application, the law requires them to repay a portion of the credit.
After billions of dollars have been "invested" in the Obamacare sign up
system, we're still seeing years later that the system is confusing and
broken...
Read the rest of the article with photos and links at Townhall
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