Skip to comments.Why Employers Will Stop Offering Health Insurance [Obamacare Cadillac tax]
Posted on 03/26/2014 10:34:04 AM PDT by grundle
By 2025, fewer than 20 percent of workers in the private sector will receive traditional employer-sponsored health insurance. The source of this claim? Dr. Ezekiel J. Emanuel, in his just-published book, Reinventing American Health Care.
Dr. Emanuel is an accomplished oncologist, medical ethicist and academic (and contributing opinion writer to The New York Times). And, of course, hes no stranger to politics: He helped craft the Affordable Care Act as a health policy adviser to the Obama administration, when his brother, Rahm, now the mayor of Chicago, was chief of staff. The book is a full-throated defense of the law (its subtitle: How the Affordable Care Act Will Improve Our Terribly Complex, Blatantly Unjust, Outrageously Expensive, Grossly Inefficient, Error Prone System).
In it, Mr. Emanuel argues that in the next two or three years, a few big, blue-chip companies will announce their intention to stop providing health insurance. Instead, they will raise salaries substantially or offer large, defined contributions to their workers. Then the floodgates will open. He says that few small businesses will join the SHOP exchanges set up for them and that most of those that offer coverage are even more likely than big companies to drop it, since those who employ fewer than 50 workers face no mandate to offer it in the first place, which Mr. Emanuel thinks is fine.
Mr. Emanuel acknowledges that the fact that workers dont pay taxes on the premium benefit from their employers is a big obstacle to this vision the tax break is the second-biggest deduction in the tax code, and employees wont be eager to give it up. But, he argues, the so-called Cadillac tax on especially generous health plans, set to take effect in 2018, will help pave the way by discouraging companies from offering those plans.
(Excerpt) Read more at boss.blogs.nytimes.com ...
You can keep it Gate
The end game will be: We will have another tax taken right out of our paychecks.
govt workers have cadillac plans.....will they be affected?......of course not....
I wish someone would ask him if it was intentional to limit health care procedures even for those that pay for insurance themselves to kill off older Citizens or was it just an after affect?
The GOP alternative to Obamacare contains a tax on employee provided health care as well, so this wll probably happen regardless of which party imposes their 'solution'.
if you know 0bamacare is $3 trillion annually that we cannot afford (on top of the $4 trillion we spend now with only $2.5 trillion in revenues)...
and driving up the debt would result in the financial destruction of the country..
wouldn’t supporting it be treason, whether via taxes, voting or just promotion?
he will say it was a desired effect. even though they can pay they are still using up finite resources of equipment, and docs and nurses’ time.
The law says that companies with over a certain number of employees must offer insurance.
Well, because of Obamacare and Aetna pulling out of New York, my job doesn’t offer insurance, and has no intention of doing so.
Heck, we might even downsize to below a certain number of employees.
I expect that to be one less than a certain specific “critical number”..
We are already nearing Scandinavian pricing. I can't imagine what we'll be paying for a cup of coffee when they get through with us. Osh Kosh, Wisconsin will make Oslo look like a bargain hunter's paradise.
and that was the plan. Single payer, crappy care and death panels.
But Obama and the elites will be fine, so don’t worry.
According to liberals on facebook, this is all OK, since it means we’ll get single-payer government healthcare.
Oh, and we’d already have it, if those meany Republicans hadn’t blocked the Democrat majority in both houses!
(YES... I know liberals that have used that very argument folks. You can’t cure stupid, I fear.)
I rather liked my visit to Oshkosh.
I just picked some smallish place in flyover—nothing against Osh Kosh. My point was these prices will hit every corner of the United States. It won’t be a big city/high prices kind of thing. We will all (and we all currently are) feel it.
I think Obamacare will be repealed and replaced by then, I really do.