May 29. ” Say goodbye to that $500 deductible insurance plan and the $20 co-payment for a doctor’s office visit. They are likely to become luxuries of the past.” That’s how Reed Abelson of the New York Times starts his article telling how companies are reducing medical benefits like mad to avoid Obamacare taxes.
In a little mentioned part of the health care “reform” pushed by the president, employers will have to pay whopping taxes if they offer top notch health care benefits. These are the so-called “Cadillac” health care plans. The logic behind this, they say, is to cut down on unneeded tests and medicines. Right, like patients are out there demanding excess treatment.
Reed highlights the case of Abbey Bruce and the story shows a photo of her pushing a mop on a cleaning job she’s taken to pay for the big drop in her health care coverage. She had to quit school to find time for the jobs. Her health care deductible has quadrupled and the amount she could pay in medical has doubled. Her husband has cystic fibrosis.
Employers would have to pay a 40% tax on any money they pay out over the “Cadillac” minimum in Obama’s plan so you know they will do anything to go to a cheaper plan.
I’ve already noted in an earlier post about a CT public employee whose contact changed and whose share of costs jumped from $1,500 to $3,300 a year.
AFL-CIO leaders should be raked over the coals for agreeing to this “Lousy Insurance for All” plan of Obama’s. Millions of workers will get worse insurance, or pay lots more for it or lose all insurance (with companies opting to pay the fine instead).