We examine the statistics of the low-redshift Lyman-alpha forest from smoothed particle hydrodynamic simulations in light of recent improvements in the estimated evolution of the cosmic ultraviolet background (UVB) and recent observations from the Cosmic Origins Spectrograph (COS). We find that the value of the metagalactic photoionization rate required by our simulations to match the observed properties of the low-redshift Lyman-alpha forest is a factor of 5 larger than the value predicted by state-of-the art models for the evolution of this quantity. This mismatch results in the mean flux decrement of the Lyman-alpha forest being underpredicted by at least a factor of 2 (a 10-sigma discrepancy with observations) and a column density distribution of Lyman-alpha forest absorbers systematically and significantly elevated compared to observations over nearly two decades in column density. We examine potential resolutions to this mismatch and find that either conventional sources of ionizing photons (galaxies and quasars) must be significantly elevated relative to current observational estimates or our theoretical understanding of the low-redshift universe is in need of substantial revision.
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