1 Million Americans to Get Huge Tax Bill Due to Wrong Obamacare Subsidies

There is still a lot of question about how many people actually enrolled in Obamacare and have paid their first premium. Obama claims 8 million when other sources place the number between 5-6 million and that may even be too high. Many of the successful enrollees and policy holders received federal subsidies that helped to pay part of the cost of the healthcare insurance. If there was any question about the reported income, enrollees were asked to provide proof of income. Only a few have complied Read more […]

This Court Ruling Could Bring Obamacare Down

The Department of Justice didn’t get their way when a federal judge decided not to throw out a case against Obamacare. While U.S. District Judge Paul Friedman denied a temporary injunction that would have prohibited the IRS from issuing Obamacare subsidies to states that opted out of setting up their own exchanges, he will allow the lawsuit to proceed. The subsidies will be used to entice people to enroll through an Obamacare exchange. That is, if they can get through to the website in the first Read more […]