IRS Obamacare Power of the Day: Free Money for Insurance Companies

Posted by Adam Radman and Ryan Ellis on Thursday, June 20th, 2013, 9:27 AM PERMALINK

Throughout the summer, Americans for Tax Reform will be highlighting the most outrageous new powers that the IRS will have under the Obamacare law.  According to a report from GAO, the IRS is tasked with nearly four dozen new powers under that law.  Each day, one will be selected for a brief review.

The IRS will be giving every insurance company in America money to help people pay for Obamacare insurance.  What happens if the IRS gives them too much money?  You have to pay the IRS back.

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