Bill to repeal 1099 small business paperwork bill clears Congress
bizjournals.com
bizjournals.com
The president supports repeal of the 1099 provision,
but he doesn’t like how the bill makes up for the revenue
that would be lost: It requires people who receive higher
subsidies for health insurance than they should have to
repay this money to the government.
And how is making people pay back money they should not have gotten in the first place a bad thing?
Maybe the the whole "people getting money to which they are not entitled" plays a role in government finance shortfalls.
The low estimates of medicare fraud start at $60B/year. Folks who claim some familiarity with the issue say that it's over $100B/year.
Then there's the "hey, you're old, you need a power-chair" market. It's not fraud, but ....
At the same time, medicare/medicaid seem more likely to deny legitimate claims than the evil insurance companies.
However, medicare is able to cut a check efficiently.
How in the world could the president be against reclaiming money from people who should not have gotten it in the first place?