Friday, February 7, 2014

Falling through Obamacare’s floor?



"Another Obamacare problem: We know what happens when people who sign up for subsidies on the Obamacare exchanges underestimate their income–the IRS will grab the unwarranted part of the subsidy back at tax time. And we know what happens if they overestimate their income–they’ll be refunded the subsidy to which their lower income entitled them.

But lower income Americans don’t qualify for the exchanges–they’re shunted into Medicaid if they make less than the poverty line –about $20,000 for a family of three (or in some states even if they make less than 138%) of poverty).  So what if someone is near the income boundary between the two programs–and what if this person overestimates their income, and thinks they qualify for a subsidized policy on the exchange–but it turns out they didn’t make enough."
[Daily Caller]

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