Stories Causing Atlas To Shrug In California taxpayers pay 75% of premium for Obamacare recipients. Families making up to $96K qualify for the handouts. The government is not prepared for the complicated 2016 Obamacare reporting required to determine who is eligible for premium handouts. As a result the IRS is going to assess penalties against employers even if an employer does not receive the legally required warning notice. Governmental Budgeting Prowess: When held to private standards (without the ability or print money to borrow infinitely) this Obamacare fund will only be able to pay 13% of the money it owes under the statue. The Federal Government decided that the old system of 13,000 medical codes wasn’t enough and has commanded that all medical providers move to a new system with 68,000 so that we can have codes for repeatedly walking in lampposts and getting sucked into a jet engine. Share Tweet Share
