Those Obamacare enrollment numbers are about to dwindle: 360,000 customers threatened with loss of subsidies

Health insurance companies have already reported alarming attrition in the numbers of purported enrollments since the first open enrollment period ended in April. Their problems may get worse in the next two weeks. The Obama administration is ready to pull the plug on subsidies to as many as 360,000 Obamacare enrollees because they haven’t verified their income:

The Obama administration announced Monday it will cut off tax subsidies to about 360,000 people if they do not offer proof of their income in the next two weeks.

Officials will send final notices this week to individuals who signed up for ObamaCare with income levels that didn’t match government records. The announcement marks the administration’s first move to tackle the politically charged issue of income verification, which has remained a key GOP argument against the healthcare reform law.

Those who don’t confirm their income levels could lose their tax credit and face higher premiums and higher deductibles.

Back in late June, the Department of Health and Human Services revealed that there were some 2.6 million data inconsistencies in Obamacare enrollments. This figured included more than 960,000 inconsistencies involving income through the federal exchange. Some of the inconsistencies may have been resolved or there could have been duplicates that were weeded out to get to the lower, more current figure.

There’s also a number of data inconsistencies involving immigration status, which could impact some 115,000 people. While these Obamacare enrollees were originally given a September 5 deadline to resolve issues with their immigration status, they now have until September 30.

One would imagine that most people who are receiving the subsidies` wouldn’t be able to continue to pay for health insurance without them, so it’s likely that they’ll either be forced to cancel or stop paying. That would mean that the official number of Obamacare enrollments would further dwindle and receive another wave of bad press.

Whether the Obama administration will actually follow through on the threat to cut off subsidies is, of course, an entirely different story. Laws — including income and immigration verification requirements — don’t seem to really matter to this administration.

 


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