This should make some people mad:
Nearly two in three Americans who bought subsidized health insurance on the Obamacare exchanges this year had to pay some of the federal dollars back, according to new data from H&R Block.
That’s because they presumably collected more federal aid than their income qualified them for. In that case, consumers must either pay some of it back or — in most cases — the IRS will subtract it from their tax refund.
Policymakers have expressed concern that low-income people could struggle with paying back the subsidies — or suffer if their tax refunds are greatly reduced because of overpayments.
The average amount consumers owed back to the government was $729, cutting their potential tax refunds by almost one-third, said the tax preparation company.
The article also mentions that 25% of Obamacare subsidy receivers received larger refunds because their income was less than expected. Good for them.
BUT… It’s the angry people who will remember this: they were forced to give up policies and medical providers they liked and that met their needs for more expensive policies and more restricted networks that didn’t meet the needs they had and met “needs” they didn’t have. (1) Then they were forced to pay even more, giving back some of the tax refund (2) they thought they were getting, maybe even had already spent. And this will happen again in 2016, an election year.
Angry people have long memories.
(1) Like maternity coverage for elderly couples. Really.
(2) I know you have trouble with the concept, progressives, but the money belongs to the one who earned it. The government just takes it. And so a refund is just giving a person back his own money — without interest.