Nearly two in three Americans who bought subsidized health insurance on the Obamacare exchanges this year had to pay some of the federal dollars back, according to new data from H&R Block. That’s because they presumably collected more federal aid than their income qualified them for. In that case, consumers must either pay some of it back or — in most cases — the IRS will subtract it from their tax refund.
Policymakers have expressed concern that low-income people could struggle with paying back the subsidies — or suffer if their tax refunds are greatly reduced because of overpayments. The average amount consumers owed back to the government was $729, cutting their potential tax refunds by almost one-third, said the tax preparation company.
On the flip side, one in four Obamacare recipients collected fewer subsidies than their income qualified them for. Those consumers saw their tax refunds boosted by an average of $425.
This is not just an argument against Obamacare (which the Democrats will use as an argument for Obamacare), but an argument against the IRS itself. Now you know why Barry & Co. wanted the IRS involved in the first place — to have the nation’s most punitive agency doling out or withholding financial goodies as the spirit moves it, and secure in the knowledge that most people never understand that their “refunds” are simply the return of their own money, sans interest. But this way, Dems and their collaborationist partners in the Permanent Bipartisan Fusion Party can argue that a) people need “healthcare” and b) we need to raise taxes on the productive in order to finance it.
This will never stop until it’s stopped. With Boehner and McConnell in charge, I’m not holding my breath.
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