Skip to comments.Analysis: 1 in 4 employers hit with Obamacare tax
Posted on 08/25/2015 7:18:17 AM PDT by george76
One out of four U.S. employers may soon face a steep new Obamacare tax on the insurance coverage they offer workers, unless they take steps to reduce overall spending on the plans.
A new analysis released Tuesday by the Kaiser Family Foundation found that 26 percent of employers offer health benefits that could be subject to the Affordable Care Act's "Cadillac" tax on high-cost plans when it starts in 2018.
The tax kicks in when the total spending on a health plan including the employer and employee premium contributions exceeds $10,022 for an individual or $27,500 for a family. Total spending includes not just the cost of the plan, but also any contributions made to a health savings account or a flexible spending account.
It's expected to prompt many employers to pare down the benefits they offer in order to duck the tax, which will equal 40 percent of the difference between a plan's total cost and the allowed threshold.
(Excerpt) Read more at washingtonexaminer.com ...
ObamaCare = No Care = Death Care?
The ObamaCare “Cadillac” tax is intentionally planned to hit all employer health care plans. The reason is the threshold is linked to overall inflation not health care inflation which is much higher. The intention is to end employer plans and force all people to buy an ObamaCare on the exchanges.
A friend who was unemployed within the past year signed up for one of the cheaper O’Commie plans out of necessity. He has type 2 diabetes, but cannot get any coverage for it. He is on a suicide mission now.
Deathcare IS the accurate description.
My small hometown in Indiana is facing this “benefit” from Obamacare. It was brought up at the city board meeting and everyone is agast at it and wondering how to either pay it or decrease the coverage. The city has used what is now a “cadillac” health care plan as a way for benefits to the city employees in lieu of higher pay, which would have cost the city much more each year.
How stupid is it for someone to be taxed for having a GREAT HEALTH PLAN. IMO in addition to the standard deduction they should allow people to fully deduct the cost of their healthcare, not charge them more tax.
This is ass backwards.
HOW DARE THEY HAVE BETTER INSURANCE THAN EVERYONE ELSE!!
Americans cannot lie like EXEMPT Congress
and their EXEMPT scheming Staff and families.
No longer are all equal under the Law.
No longer is there written Law,
for as the EXEMPT Treasonous Roberts
has decided that English in Law,
now reads WHATEVER ****HE***** wants.
He promised [ knowingly lied ] about saving money.
Here’s King Barry promising that employers’ costs for Obunglecare would drop by “as much as 3,000%”, and as a result, they would be able to give their employees a raise.
Quick! The Republicans need to step in and fix this mess before anybody suffers! /sarc
Not if you’re a communist on a mission, kinda like nobama is.
I challenge you to name anything this regime which does that isn't.
That is why the Unions want a waiver like the Moslems, Congress, and the dear leader.
obama loves the smell of govt penalization in the morning.
while he golfs yet another round.
Well he eventually caved in on going with the military on taking out Bin Laden in Pakistan.
OBAMACARE MUST DIE!!
Preferably a quick but painful death.
Faggots and pitchforks...
I’m not even sure that was such a good trade, given that he gave up a Navy Seals Team in exchange.
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