Legislation to repeal health law's 1099 reporting requirement would cut premium tax credits

The Fiscal Times: Uninsured Face Cuts in Obamacare Subsidies
The Republican majority in the House, with President Obama's support, plans to scale back health care subsidies for the uninsured in order to pay for eliminating the "burdensome" requirement that small businesses file 1099 forms with the Internal Revenue Service when contractors are paid over $600. ... The "Repeal 1099" bill, which will be marked up in the House Ways and Means Committee on Thursday, would require low- and moderate-income families that purchase subsidized health insurance to return those subsidies if their income rises above the subsidy threshold during the year. ... The legislation is expected to pass easily (Goozner, 2/16).

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This article was reprinted from kaiserhealthnews.org with permission from the Henry J. Kaiser Family Foundation. Kaiser Health News, an editorially independent news service, is a program of the Kaiser Family Foundation, a nonpartisan health care policy research organization unaffiliated with Kaiser Permanente.