“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:
Rand Paul: 'I can't see sending my son to fight on the same side as al Qaeda'
At the Texas-Mexico border, her son begged not to be taken; they took him anyway.
‘The world needs more capitalism’ – Greta interviews Whole Foods co-CEO John Mackey
Moody's: More California cities at risk of bankruptcy
Arizona bill would make gold, silver coins acceptable forms of payment
Silicon Valley Start-Up Company Powers Homes With Sound Waves
Italian showdown with Germany as Enrico Letta rejects 'death by austerity'
Sarasota HuB business incubator to accept bitcoin virtual currency
Investors Nervous: Erdogan's Witch Hunt Endangers Economy
Angela Merkel denied access to her NSA file
Pro-Mursi protester shot dead as Egypt standoff intensifies
Unicorns Hunt for Talent Among Silicon Valley’s Giants
A new, dangerous job in Mogadishu: tax collector
Senator Feinstein: U.S. authorities are vigorously pursuing Edward Snowden
Cop on Christie detail caught shoplifting