For a year, consumers will be on the honor system for subsidies under the Patient Protection and Affordable Care Act.
That's what the Obama administration quietly announced Friday, days after unexpectedly announcing they would delay the employer mandate penalty for another year.
In a new 606-page rule published Friday, the administration said they would significantly scale back on the law's requirements that the new exchanges verify consumers' income and health insurance status until 2015, when stronger verification systems are in place.
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