Because the Obama administration failed to create an income verification system in 2013 before it launched HealthCare.gov, it opted to approve Obamacare applications without any verification, based on the customers self-attestation of income, and is now checking application data by hand, now that customers are actively using their coverage.
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Are ObamaCare's Tax Credits Harmless? The Little Understood Dark Side Of The Subsidies
By accepting a tax credit, low-income or lower-middle class families face significant tax ramifications and potential financial risk. Congress has changed the rules twice on consumers for the credits, making the income cliffs steeper, and fully equipping the IRS to claw back overpaid subsidies (unlike the individual mandate penalty).
The flip side of the tax credits is almost unknown to the general public.
THIS should be beautiful.
There is no way to verify FUTURE income ... and that is what the Obamacare application asks people to do.
So how can you ‘verify’ income that hasn’t happened yet?