OBAMA CARE : "FULL OF HOLES" A CORRUPT GOV. ENCOURAGING ITS CITIZENS TO RAID THE KITTY JAR AS THEY THEMSELVES DO!!! GO FIGURE!! To sum up: Individuals with incomes below 400 percent FPL will not have to pay back the entire amount of any subsidies received improperly. In many of these cases, individuals will receive more in benefits than they will have to repay the federal government. Therefore, as long as they will qualify for some subsidy, dishonest individuals have incentive to fudge their income so they receive the maximum subsidy—in order to maximize the benefits they receive. Supporters of the law claim this scenario will not happen, due to the penalties associated with misrepresenting information on application forms and tax documents. But with government auditors noting the exchanges have missed critical deadlines, and Obamacare anti-fraud investigations being cancelled, will the federal government really have the resources necessary to enforce the law, much less ensure taxpayer funds are not being abused? These warped incentives, combined with massive bureaucracy where the right hand doesn’t know what the left hand is doing, are simply more reasons why Congress should refuse to spend a single dime funding Obamacare. blog.heritage.org/2013/07/29/how-the-obamacare-honor-system-will-encourage-fraud/
Posted on: Wed, 31 Jul 2013 00:05:27 +0000