Who Needs a Billion Dollars?

So there is this:

The IRS overpaid nearly $4 billion to Obamacare customers through tax credits last year, and because of the way the law is written it can’t even try to collect on a quarter of that, the Treasury Department’s inspector general reported this week.

All told, the Treasury Department paid out roughly $27 billion in Obamacare subsidies in the 2018 tax-filing season, with overages accounting for $3.7 billion of that. Only $2.7 billion was recaptured.

What’s a billion dollars amongst friends?

Also, remember that Obamacare only looked at income. So if you were independently wealthy and didn’t work then Obamacare would you give you free care because you had no income. Isn’t that great. Wait, you say, it’s too hard for the government to figure out how much OVERALL money someone has. Really? Every college does it when looking at parent’s income.

Unbelievable.

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Douglas Farrago MD

Douglas Farrago MD is a full-time practicing family doc in Forest, Va. He started Forest Direct Primary Care where he takes no insurance and bills patients a monthly fee. He is board certified in the specialty of Family Practice. He is the inventor of a product called the Knee Saver which is currently in the Baseball Hall of Fame. The Knee Saver and its knock-offs are worn by many major league baseball catchers. He is also the inventor of the CryoHelmet used by athletes for head injuries as well as migraine sufferers. Dr. Farrago is the author of four books, two of which are the top two most popular DPC books. From 2001 – 2011, Dr. Farrago was the editor and creator of the Placebo Journal which ran for 10 full years. Described as the Mad Magazine for doctors, he and the Placebo Journal were featured in the Washington Post, US News and World Report, the AP, and the NY Times. Dr. Farrago is also the editor of the blog Authentic Medicine which was born out of concern about where the direction of healthcare is heading and the belief that the wrong people are in charge. This blog has been going daily for more than 15 years Article about Dr. Farrago in Doximity Email Dr. Farrago – [email protected] 

  2 comments for “Who Needs a Billion Dollars?

  1. Kurt
    January 19, 2019 at 12:40 pm

    Until the system is geared towards incentives to patients for good health behaviors, not a
    blankety-blank thing is going to change in this country. I no longer recommend FP to any med student and may anyone who does be condemned to Hades. DPC? Fine if one is in the appropriate geographic area with the right payer mix. Try and do it in an area where the people are too used to feeding off the government teat and one will go bankrupt. Don’t accept Medicare? Fine. When they want the danged electric wheelchair, even if it’s needed, you can’t fill out the forms!
    People find that out and they’ll go elsewhere and you’ll go bankrupt. DPC? One must be very, very careful where they setup.

  2. PW
    January 16, 2019 at 8:59 am

    Our tax dollars at work…

Comments are closed.