Unions and Obama care
They wanted it. They got it. Now they belly ache. It is fine for the peasants, but not for them.
"I heard [Obama] say, ‘If you like your health plan, you can keep it,’ ” John Wilhelm, chairman of Unite Here Health, representing 260,000 union workers, recently told the Wall Street Journal. “If I’m wrong, and the president does not intend to keep his word, I would have severe second thoughts about the law.” Besides Wilhelm, some of the nation’s largest union bosses have taken to publicly criticizing the Affordable Care Act.
Of course, keeping your health care plan, like many Obama-care promises, has turned out to be demonstrably untrue. According to the Congressional Budget Office, about 7 million Americans stand to lose insurance coverage through the law by 2022. But unlike most private-sector workers expected to lose their current health coverage, union workers were a powerful Democratic constituency granted specific exemptions from Obama-care. Labor leaders are just now realizing that those protections are fleeting, and Obama-care regulations and cost increases will fall on the politically connected and unconnected alike.
In Massachusetts, which has the highest average health care costs of any state thanks to the Bay State’s own misguided experiment expanding health care coverage, over half the state’s employees will be subject to the tax, according to a report by the Pioneer Institute. The report goes on to highlight that the tax is particularly punishing for middle-income public employees in Massachusetts. From 2018 to 2028, a police officer on a typical family plan will be subject to an extra $53,907 in new taxes. A teacher on an individual plan will owe an extra $20,807. Even granting that the problem is acute in Massachusetts, it’s safe to assume the Cadillac tax is going to cause turmoil across the country between public employees who have become accustomed to gold-plated health packages and taxpayers who are increasingly unable to pay for them.
Re: Unions and Obama care
And what constitutes the Cadillac tax?
You have got to be kidding. Go educate yourself and then come back and join the discussion.
OH, by the way, you retired postal workers have a cadillac health care play under Obama care. So you will soon find out about the cadillac tax.
Re: Unions and Obama care
*(As a reminder, the Obamacare “Cadillac tax” imposes a 40% excise tax on the relevant premiums charged by any insurer that, beginning in 2018, offers a health insurance policy whose value is in excess of $10,200 for individual coverage and $27,500 for family coverage. In contrast to this punitive approach, the Bush 2007 plan replaced the unlimited employer tax exclusion with a standard deduction for all workers of $7,500 for an individual plan, and $15,000 for a family plan, starting in 2009. If you assume premiums grow by 6 percent a year, the equivalent Bush deduction in 2018 would have been $12,671 for an individual plan and $25,342 for a family plan.)