Friday, November 29, 2013

OBAMACARE OUTRAGE: DID YOU KNOW Employers will be charged a 'Cadilac' Tax on Generous Employee Health Plans?

For 75 million Americans who get their insurance through large companies, the Affordable Care Act is a mixed bag. Experts tell NBC News the new healthcare law is only slightly increasing premiums next year, but causing some companies with the most generous plans to reduce their employees’ benefits. 
Aaron Baker, 36, his wife Billie and their two young children are covered under a generous health insurance plan offered by the private Midwestern university where he’s worked for 10 years. When they opened their benefits notice this year, they were pleased to see their $385 premium is only up by four dollars next year. However, they were shocked to discover that instead of covering the first dollar they spend with no deductible, the Baker’s plan now includes a $1,000 deductible and a $2,500 out of pocket maximum. They also will still have small co-pays for services.
According to the enrollment notice, the changes are “to relieve future health plan trend pressure and to put the university in a position to avoid the excise tax that becomes effective in 2018.” The 40 percent excise tax—often called the “Cadillac tax”— is part of Obamacare and is levied on the most generous health plans. It’s designed to bring down overall health costs by making companies and workers more cost-conscious. The thinking is that if consumers have to pay more expenses themselves, through higher deductibles and out-of-pocket expenses, they’ll avoid unnecessary or overly costly procedures. And that is supposed to make care more affordable for everyone. 
Billie Baker doesn’t think much of that concept. “I think that saying that your insurance is too good so we're going to give you a penalty,” she said, “is sort of outrageous to me.” 
Said Aaron, “You would think the government would want employers to offer good health care packages to their employees. It seems like that is not the case.”
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5 comments:

BOSMAN said...

I'll bet many thought that THE ONLY Health Plans that were affected by Obamacare were those that the feds say didn't meet a 'minimum' standard? THINK AGAIN...

If your company has been OVER GENEROUS with the plan they provide you, they will be charged a 40% excise tax. forcing many companies to change the plans they offer you by increasing your contribution, higher deductibles. And of course This would affect spousal/Family plans as well.

"...It’s designed to bring down overall health costs by making companies and workers more cost-conscious. The thinking is that if consumers have to pay more expenses themselves, through higher deductibles and out-of-pocket expenses, they’ll avoid unnecessary or overly costly procedures. And that is supposed to make care more affordable for everyone."...UNBELIEVABLE!

Right Wingnut said...

Note to Republicans....don't dare try repealing or defunding this mess, or some in your own party will call you a "wacko bird" and try to ostracize you from the party.

RomneyMan said...

'I've got Cadillac dreams hay Mr don't you take them from me'

cimbri said...

“[In] an interview I said that Sen. Cruz and Sen. Paul were ‘wacko birds.’ That was inappropriate and I apologize to them for saying that, and I respect them both. I respect what they stand for and what they believe in. They both made an impact out here in the United States Senate,” McCain (R-Ariz.) said on Fox News on Friday.

Read more: http://www.politico.com/story/2013/03/john-mccain-apologizes-for-wacko-birds-88942.html#ixzz2m4IjWYbk

It's always best to tell the whole story.

RomneyMan said...

RWN isn't one for context.