
“Delaying the ’employer mandate’ already means the government is giving up potential revenue next year, as businesses whose employees buy subsidized coverage on an Obamacare exchange would be fined $3,000 per person. In addition, without the reporting requirements of the employer mandate in 2014, ‘the exchanges and the IRS will not be able to verify whether someone’s coverage is unaffordable’ and thus whether the person is eligible for subsidies, said law professor Timothy Jost of Washington and Lee School of Law in Lexington, Virginia. That leaves it up to individual consumers to be honest about what they do, or do not, qualify for.”
http://www.rawstory.com/rs/2013/07/05/delay-in-obamacare-requirement-puts-onus-on-the-honor-system/
Related posts:
Trump considers nationalizing 5G mobile network to combat China
Gold Is Back in Fashion After a $15 Trillion Global Selloff
City officer only charged with shooting after 9 day 'extensive inquiry'
"Greyjing"? Air pollution fouls Beijing's name
Bitcoin Network Is Here to Stay - Montreal Economic Institute
Smackdown: Glenn Greenwald versus Mika Brzezinski
Syrian Christians ‘pray for peace’
Cops who shot puppy come back, ticket owner after he contacts media
Argentina Is First Nation Censured by IMF for Economic Data
Florida won’t investigate police shooting of Chechen man during questioning
China becomes second-largest movie market
Inside Hong Kong's biggest Bitcoin mine
Former Fed officials lament taxpayers' inability to see necessity of bank bailouts
ECB's Weidmann: pressure on central banks risks FX competition
Trump in Line to Receive Top U.S. Intelligence Secrets