Days after delaying health insurance requirements for employers,
the Obama administration has decided to roll back requirements for new
state online insurance marketplaces to verify the income and health
coverage status of people who apply for subsidized coverage.
President Barack Obama's healthcare reform law is slated to begin
offering health coverage through state marketplaces, or exchanges,
beginning October 1. But to receive tax subsidies to help buy insurance,
enrollees must have incomes ranging from 100 percent to 400 percent of
the federal poverty line and not have access to affordable insurance
through an employer.
Until now, the administration had proposed
that exchanges verify whether new applicants receive employer-sponsored
insurance benefits through random checks. It also sought to require
marketplaces to verify each enrollee's income status.
READ MORE: http://www.cnbc.com/id/100869332
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