Recently, employers have been given a one-year extension on avoiding the mandate to offer insurance to workers. Just in, last Friday, the Health and Human Services Department announced it will no longer attempt to verify individual eligibility for insurance subsidies. Instead, they will rely on “self-reporting” by applicants who wish these subsidies.
What this means is no background check on your application. While we’re all looking the other way, this smells the same as all those low-or-no-documentation mortgages that were handed out to those who couldn’t afford a mortgage in the first place. So, sit back and get ready for the next congressional train wreck when the costs of these subsidies spin out of control. Looks like another hiccup for Affordable Care. Choose your target folks: Republican, Democrat, or both??