According to the Wall Street Journal, and the Washington Post, poor people who have been getting a subsidy to help them pay for the new insurance policies, may be getting too much. Here is a report.
(A) million people have claimed subsidies to which they are not entitled under the law, and the administration hasn't figured out what to do about it.Adrianna McIntyre of the pro-ObamaCare site Vox.com explains that the framers of ObamaCare included a provision to give it to these people good and hard:
Intentionally lying about income to boost your Obamacare tax credits could get you into hot water--$25,000 to $250,000 of hot water.
That's a key takeaway from guidance recently released by the Obama administration. . . .
According to the regulation, the $250,000 penalty is for "knowingly and willfully" providing false information. The more modest $25,000 fine can apply in cases where people provide incorrect information without malicious intent. In both cases, these are the maximum penalties that the government can impose. . . .
These regulations were just finalized, but the Obama administration did not design the penalties; they are spelled out in the text of the Affordable Care Act itself.
So, these people are so poor they cannot pay for insurance and Obama gives them a stipend. However, if these people make a mistake in writing down their annual income, the IRS will check the fact and fine them $25,000.00!
If the IRS thinks they tried to fool them the fine is.....$250,000.00
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