Obamacare’s invitation to fraud

Obamacare’s invitation to fraud

When the Obama administration announced last Tuesday that they would be delaying Obamacare’s employer mandate and its associated reporting requirements by a year, many observers (myself included) noted that this could create problems for verifying eligibility for subsidies in the Obamacare exchanges.

Many if not all of the state exchanges, and presumably also the federally-run exchanges, were planning to use the required employer reports to facilitate the eligibility reconciliation that you have to do at tax filing time when people receive advanceable tax credits like those set to be offered in the exchanges. If employers weren’t required to provide reports for 2014, the process of confirming eligibility (that is, confirming that people receiving subsidies had in fact not been offered affordable insurance coverage at work) would become more difficult to pull off, since it’s not really clear what other data sources the exchanges would have, and the exchange subsidy system would therefore become that much more difficult to manage. On Thursday, Reuters quoted the spokeswoman for the largest and most important of the prospective state-run exchange systems echoing this concern.

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