Crosstalk: June 21, 2013

 

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What connection is there between healthcare and tax revenues? Under Obamacare the IRS will determine whether or not you have acceptable health insurance coverage or if you're eligible for tax subsidies that will make the premiums affordable. According to Dr. Orient, the only way the IRS can determine if premiums are affordable when they're going up 100% is by making someone else pay for them. In other words, the IRS will handle various complicated calculations to determine if your household income is a certain percentage above the poverty line and they will then give money, not to you, but to your insurance company. If they pay too much, they will collect it back from you via your tax return and not from the insurance company.

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