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About obamacare this could cost you if used government subsidies to help pay for health insurance next year you could get hit -- surprise tax bills why.
Well they hillbillies and beat back the only person understands this law this whole city is here to explain at least so tell me MI CF how how how how is -- that -- could end up.
The health care -- provides subsidies for some people to receive health care through these exchanges these marketplaces that are cannot offer a variety of choices on -- -- and now you receive a subsidy based on your income.
The more you make the -- he received this is geared toward the low income people now.
All depends on how much she make any given year and what he Associated Press reported today is that.
If your income changes you could end up owing the government money because they -- painting too much more than you deserved based on the estimated income.
All right so -- -- that -- fit into this category of to get a subsidy.
And let's say that I thought -- -- nearly 30000 dollars for this year and that I would be -- -- the family -- -- my.
Top now let's say that as luck would have it I'm suddenly I got 101000 dollar bonus -- now -- and now -- 40000 dollars.
And so now what happens will when the subject was was figured out based on -- 30000 but I did not gonna make forty right -- didn't Ellington next time when you file your taxes you're gonna get hit with bill this is what the Associated Press as saying -- now that -- -- a tax bill he attacks -- -- -- but the IRS always on these quote does that give you late fees.
And they give you interest and that's where really begins to pinch it's one thing -- to me if you make 101000 us more people understand it to pay more taxes.
But you also gonna get pinched for these registered as an -- you know I didn't read that industry today admitted that they consume this is another -- -- see an implementation of the massive block and I think HHS and the IRS and I have to come up with a solution here.
Because it's going to turn off all the people that are supposed to be benefiting if they see themselves being hit with attacks -- Titanic at a race carried a heavy heavy by the -- -- in this application to get -- subsidize either it's fifteen pages which doesn't sound too bad to me but I actually -- paged through it I try to figure out friendly gave up after a few pages and I just sort of -- not -- this subsidy but I have but once you it was.
How how are we is sitting up these exchanges there's a lot of states.
Have they have they -- said that not gonna set these exchanges that's right for the federal government the Health and Human Services Department is -- senate and do it for them.
-- it's going to be a massive task for HHS had never really done anything like this before and it's going to mean reaching out to all of these different states the state insurance commissioners.
To figure out what our health care options for the uninsured in this place and what they better be doing it right now custom visit October 1 is that when enrollment starts and -- starts October 1 -- the coverage kicks in January 1 so it's all going to be happening with in the next year is it give people produce a federal -- predict that it's going to be ready for this or is it just so like.
I think that there are a lot of hopes up their right I mean this is a huge salon nobody denies that and I don't but they can't.
I don't about it for four years to wait a second and it means I don't sympathy of if they're not rid the federal government is ready.
It's it is a federal government to do its job well we've got to remember all of the opposition to.
A -- to -- we -- waiting on election there weren't waiting on Supreme Court decision I think that -- some of those Obama administration just tells what argued that.
They had you know had trouble implementing a lot and then all of this opposition to it now we're finally getting a chance.
She laughed to implement yeah Jane and you have far more sympathetic than I am to them anyway it was you an affidavit at least thank you nice they say had a history.
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