“I’m from the government and I’m here to help.”
Those, according to President Ronald Reagan, are the nine most terrifying words in the English language. Well, Barack Obama did once say he wanted to be a transformational President like Reagan was, so here he is proving Reagan right once more:
Insurance exchange customers who opt for convenience by automatically renewing their coverage for 2015 are likely to receive dated and inaccurate financial aid amounts from the government, say industry officials, advocates and other experts.
If those amounts are too low, consumers could get sticker shock over their new premiums. Too high, and they’ll owe the tax man later.
Automatic renewal was supposed to make the next open-enrollment under President Barack Obama’s health care overhaul smooth for consumers.
Just remember that Obama means well.