According to Forbes and the Wall Street Journal, the mechanism being used by the Federal Government to calculate exactly how much of other people's money Obamacare enrollees will be handed to pay for their health coverage each month is egregiously flawed, and dramatically overestimates how much the government is supposed to be paying out. But when the Federal Government discovers that it has wildly miscalculated how much it actually owed you, it is not the Federal Government that will end up eating the sudden extra cost.
As noted by the Associated Press, there is a little-known feature buried deep within the text of Obamacare called the "Clawback Provision," which instructs the Federal Government to go back and confiscate the corrected amount of money from taxpayers after the fact, whether they can afford to suddenly pay it all back or not. And if they can't, it will simply get stripped out of their tax refund checks.
Here’s how it works: say you’re eligible for a subsidy because your family income is low—less than $94,200 a year for a family of four...The government has no idea how much you’ll earn next year, so it relies on your last tax return, which for people applying for subsidies in October of this year would be the return filed for 2012.
All this is fine if your income doesn’t change much from year to year. But if it does—you get a raise, or a child moves out of the house—the government may have given you too big a subsidy, and it will want that overpayment returned.
The clawback has the potential to hurt families with low incomes by sticking them with a smaller-than-expected refund or even a surprise tax bill. That was the group Obamacare was supposed to help the most.
So again, while absolutely obliterating the Middle Class (the last obstacle to complete nanny state control) by confiscating the wealth of successful earners and handing it to those who refuse to lift a finger for their own station in life, Obamacare has now broken every single promise it ever made.
-Obamacare does not reduce costs.
-Obamacare does not improve choice.
-Obamacare does not ensure patient privacy.
-Obamacare does not reduce the deficit.
-Obamacare very much does destroy jobs.
-Obamacare does fund abortion.
-Obamacare does cover illegal immigrants.
-And the American people aren't embracing it now that they've had a chance to see what's in it.
...and it will now even steal away your tax refund check each year as well, all to "rescue" us from a crisis that never existed in the first place.
Of course, the poor hardly even actually pay taxes to begin with, so they shouldn't be receiving such "refunds" (other people's money) in the first place. But for those of us who have committed the hate crime of succeeding in any way, this is flat-out theft of the highest order, as usual.
Once again we see that while pretending to help the poor, liberalism actually just makes everything worse for everyone involved.