On May 17, 2014, The Fiscal Times reported that the government is:
“paying incorrect subsidies to more than 1 million Americans for their health plans in the new federal insurance marketplace and has been unable so far to fix the errors, according to internal documents and three people familiar with the situation.”
A 7-page slide presentation created by HHS confirms that one-in-four people who have signed up for Obamacare have “data discrepancies.”
Reports are that some two million people’s health care coverage may be at risk. Out of some 8.8 million persons who have signed up for coverage, about 5.5 million are in the federal insurance exchange receiving reduced rates, or benefits, to pay for their health insurance policies.
The sliding scale subsidized policies are priced based on income, family size, and geographical location of the individual. Under the law, only citizens and legal immigrants are entitled to subsidized coverage.