#Obamacare: “If you like your health care subsidy, you may not be able to keep it.”

by 1389 on January 4, 2014

in "Obamacare", 1389 (blog admin), 2014 US Elections

Another hidden Obamacare tax that few people know about:

Taxpayer screwed

GOPUSA: Obamacare has more bad news in store for you

WASHINGTON — Forget Obamacare website woes and disappointing early enrollment figures. Those problems are so 2013.

The New Year will bring a set of new and far more potentially perilous obstacles for President Obama’s signature health care law. These looming problems could not only doom the troubled law if no solution is found, but they also will hover over 2014 midterm candidates as Democrats scramble to hold onto their Senate majority amid polls that show Obamacare to be their biggest problem.

The surprise tax hit.

Most people know that the health care law provides subsidies for qualifying individuals to help offset the costs of signing up for health care coverage. Most people, however, are unaware that those subsidies can come back to bite the recipients if they have one of several major life events during 2014, such as a marriage, a new job or a job promotion. Come tax time, those individuals can face an unexpected bill from the IRS for the repayment of the subsidy.

“This is an issue that no one seems to be talking about yet,” one GOP strategist told me. “But that will certainly change soon.”

You can already imagine the slogans: “If you like your health care subsidy, you may not be able to keep it.”

More here.

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