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When It Comes to Health-Care Reform, the IRS Rules
CNBC ^ | May 6 ,2013 | Mark Koba

Posted on 05/07/2013 7:28:56 AM PDT by Hojczyk

Get ready for the Internal Revenue Service to play a dominant role in health care. When Obamacare takes full effect next year, the agency will enforce most of the laws involved in the reform-even deciding who gets included in the health-care mandate.

"The impact of the IRS on health-care reform is huge," said Paul Hamburger, a partner and employee benefits lawyer at Proskauer. "Other agencies like Social Security will be checking for mistakes, but the IRS is the key enforcer," Hamburger said. "It's also going to help manage who might get health care."

As a result, the agency has to administer 47 tax provisions under Obamacare. They include the right to levy a penalty against businesses and individuals who don't provide or acquire insurance. Noting that the IRS will collect the penalties, the decision labeled them a tax.

The IRS also has to determine how to distribute annual subsidies to 18 million people who make less than $45,000 a year and thus qualify for subsidies in buying health coverage, as well as how to deliver tax credits to small businesses that buy coverage for workers.

In addition, the agency will collect taxes on medical devices and a Medicare surtax on people making more than $200,000 a year, as well as conducting compliance audits of tax-exempt hospitals.

The financial burden for all this IRS enforcement is expected to total $881 million for fiscal years 2010 through 2013, according to the Treasury Department.

But former IRS Commissioner Douglas Shulman told Congress last year that he would need another $13.1 billion for the job in 2014. It's uncertain as to whether the funds will be forthcoming from Congress, One step the IRS has taken on health-care exchanges is drawing another round of lawsuits that accuse it of forcing more people into the system.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Crime/Corruption; Government
KEYWORDS: 0carenightmare; irsobamacare

1 posted on 05/07/2013 7:28:56 AM PDT by Hojczyk
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To: Hojczyk

The IRS makes me ill.


2 posted on 05/07/2013 7:35:20 AM PDT by TruthInThoughtWordAndDeed (Yahuah Yahusha)
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To: Hojczyk

A monopoly on life and death, and with gun and bullets
to enforce it.

Moslems and Congress are exempt.

What could possibly go wrong?


3 posted on 05/07/2013 7:38:18 AM PDT by Diogenesis (De Oppresso Liber)
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To: Hojczyk

Obama now has his very own KGB.


4 posted on 05/07/2013 7:40:56 AM PDT by Argus
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To: Hojczyk

If you like your IRS auditor, you can keep him.....


5 posted on 05/07/2013 7:45:18 AM PDT by C. Edmund Wright (Tokyo Rove is more than a name, it's a GREAT WEBSITE)
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To: Hojczyk
Obamacare - one of the most heinous domestic attacks on the American Way of Life ever. How fitting that the least-loved and most-feared arm of the government should be tasked with enforcing it!

At least now we know what the billions of rounds of hollow-point ammunition are for!

Regards,

6 posted on 05/07/2013 8:15:48 AM PDT by alexander_busek (Extraordinary claims require extraordinary evidence.)
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To: Hojczyk

translation: If you are a business owner thinking of cutting your employees to under 29 hours, be prepared for us to pitch a tent up your arse and audit you from now until Judgment Day.


7 posted on 05/07/2013 8:18:55 AM PDT by Buckeye McFrog
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To: Hojczyk

Any proposed increase in IRS funding must be vigorously resisted at every turn. The IRS has so much on their plate that they will not be able to enforce all that they want.
Cloward-Piven to the IRS.


8 posted on 05/07/2013 8:26:50 AM PDT by grumpygresh (Democrats delenda est.)
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To: grumpygresh

We don’t go to the Doctor first to get health care, now we must got to the IRS. This will not be pretty.


9 posted on 05/07/2013 8:37:03 AM PDT by phormer phrog phlyer
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To: phormer phrog phlyer

“We don’t go to the Doctor first to get health care, now we must got to the IRS.”

Your doctor will see you ... in the back alley.


10 posted on 05/07/2013 8:59:09 AM PDT by grumpygresh (Democrats delenda est.)
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To: Hojczyk

That’s what liberals (who have never produced anything of enough value to pay taxes) dreamed of - our lives and our health in the hands of the IRS.


11 posted on 05/07/2013 9:02:34 AM PDT by Pollster1 ("Shall not be infringed" is unambiguous.)
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To: Hojczyk

Won’t be the first time people in my neck of the woods had to shoot a “revenuers” to protect our way of life.


12 posted on 05/07/2013 9:03:14 AM PDT by IamConservative (The soul of my lifes journey is Liberty!)
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