How to Use Obamacare to Scam Taxpayers
This is the whole point of ObamaCare.
Check it out:
Looking for a little extra cash? If you’re interested in defrauding taxpayers, it might be as easy as writing down a number on a form.
The number is your income. The form is the Obamacare application.
If you do not have “affordable” employer-sponsored health insurance and your income is between about $31,800 and $94,200 for a family of four (that is, between 138 percent and 400 percent of the federal poverty level), you qualify for an insurance subsidy through Obamacare.
But when you apply for coverage in the Obamacare insurance exchange, it’s up to you to report your income accurately. It turns out that the IRS won’t be checking everyone’s Obamacare applications.
Heritage health care expert Chris Jacobs ran the numbers to show what a difference a little fraud can make. He took a hypothetical family of four with $90,000 in income who were eligible for coverage through the exchange. If this family were honest, they would receive a subsidy of $2,997 to help cover their insurance premiums.