The Democrat Cadillac
3rd December 2013
The Antiplanner points out where rhetoric trips over reality.
One of the many inane things about Obamacare is the Cadillac tax, which punishes employers who provide their employees with “too much” health insurance. The Democrats who supported this are now having to deal with the fact that the employers most guilty of providing Cadillac health insurance are public agencies. Of these, transit agencies have some of the most expensive plans of all.
Oops. There’s problem with ‘socking it to the rich’ when ‘the rich; are your own guys. Oops.
The unions, of course, want to repeal the Cadillac tax. Democrats in Congress are no doubt reluctant to open that can of worms which would likely lead to calls to repeal much of the rest of Obamacare.
The main reason why health care costs are so high in this country is that more than 80 percent of the population have been insured, so they have little reason to reign in costs. The Cadillac tax is meant to discourage insurance that doesn’t require people to at least co-pay part of their costs. But the fundamental basis of Obamacare, which is that health care can be made more affordable by insuring the other 15 to 20 percent, is completely backwards.