Half of people with ObamaCare subsidies will owe on their taxes

[Geee]

The Hill:

Half of all households that received ObamaCare tax credits last year will likely owe money to the federal government, a new study found.

 

Nearly all families that received tax credits will either owe money or receive extra money because their tax filings had changed after they calculated their ObamaCare subsidies, according to a new report by the Kaiser Family Foundation.

 

Only 4 percent of households received the correct subsidy, according to the report, which uses data from the national Survey of Income and Program Participation.

 

Out of those who will have to repay, the average amount owed is $794, the study found. Out of the 45 percent of people receiving money back, the average refund is $773.

 

[Geee]

Obama: Let's Face It, Obamacare is Blowing Away Expectations

 

Yesterday marked the five year anniversary of Obamacare, a bad law that ought to be repealed. Its defenders jump through hoops to declare it a "success," ignoring empirical data while dragging goalposts for miles, hoping that Americans will forget the central promises upon which it was sold and rammed through Congress. In the positive column, the law does appear to have reduced the ranks of the uninsured in America, including a significant number of previously-uninsurable people. Of course, when you pass a law that requires people to obtain insurance, touting the fact that millions of people ended up abiding by your mandate is pretty weak. Also, the majority of those "newly insured" through the exchanges previously had coverage. On the other side of the ledger, Obamacare has failed to substantially reduce all Americans' premiums (they've gone up for the vast majority of people, with the worst yet to come), it has substantially increased health costs for tens of millions (out of pocket costs are astronomical for many), it has stripped people of their preferred plans and doctors, it has exacerbated primary care doctor shortages, it has inflicted "access shock" upon consumers, it has increased the government's healthcare tab, it has impeded economic growth, it has hurt employment, and polls show that it has actively harmed many more people than it's helped.

 

http://townhall.com/tipsheet/guybenson/2015/03/24/obamacare-anniversary-n1974949