If you lie to one of the new public health insurance exchange programs, you could end up having to pay huge fines.
In theory, the U.S. Department of Health and Human Services (HHS) could impose a maximum penalty of $250,000 per exchange application “for any person who knowingly and willfully provides false information.”
HHS could also impose a $25,000 penalty on “any person who fails to provide correct information, where such failure is attributable to negligence or disregard of any rules or regulations of the [HHS] secretary,” and on any person who “knowingly or willfully uses or discloses” private exchange information.
Officials at the Centers for Medicare & Medicaid Services (CMS) — an arm of HHS — summarize the Patient Protection and Affordable Care Act (PPACA) civil monetary penalty (CMP) rules in a new slidedeck aimed at “assisters,” or people who help consumers apply for coverage through the exchange system.
See also: Witnesses: PPACA income verification is a mess.