Saturday, July 06, 2013

ObamaTax: Not Ready for Prime Time

Fresh on the heels of the ObamaTax (Evil) Employer Mandate Reprieve comes this news:

"The Obama administration announced Friday that it would significantly scale back the health law’s requirements that new insurance marketplaces verify consumers’ income and health insurance status."


The plan is that, for the 16 states (plus DC) that have opted to run their own Exchanges (as opposed to the other 42 who've tasked Ms Shecantbeserious and her minions with that job), the gummint will rely on its citizens' sacred honor as to whether or not they're eligible for their employer's group plan, and thus (subject to income requirements) eligible for subsidies.

Which is, in the words of St Homer of Simpson, a great big "D'oh!"

As co-blogger Bob pointed out, when Ms Shecatbeserious relaxed the employer reporting regs, she made it impossible for the folks in capital City to cross-check this information in the first place. And I'm sure that folks will be just as honest regarding their income eligibility.

Turns out that the ObamaTax is quite the fiscal fiasco.

Gee, who'da thunk it?
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