Treasury and IRS Propose Rules to Combat Fraud in Premium Tax Credit for Health Care

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have issued proposed regulations to implement reforms from President Trump's Working Families Tax Cuts. These rules aim to strengthen eligibility checks, close gaps in the verification process, and ensure that taxpayer-funded Premium Tax Credits, which help eligible Americans afford health insurance through exchanges, are reserved for qualified individuals, thereby cracking down on fraud and corruption.