Hopefully the Death of Obama Care

Discussion in 'Politics' started by OldRegular, Aug 14, 2014.

  1. OldRegular

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    Nov 21, 2004
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    Companies desperate to avoid ObamaCare 'Cadillac tax' shifting costs to workers

    By Jim Angle

    A national business group representing the nation’s large employers reported Wednesday that companies desperate to avoid a 40 percent ObamaCare “Cadillac tax” are finding ways to shift the costs to workers.

    The so-called “Cadillac tax,” now four years away, will affect health plans that spend more than $10,200 per worker.

    “The excise tax, when it hits in 2018, will affect both employers and employees,"said Brian Marcotte, president of the National Business Group on Health.

    Employees will get incentives to reduce costs through such arrangements as wellness programs, including losing weight or stopping smoking.

    Meanwhile, employers are shifting workers into plans with higher deductibles, just as ObamaCare does in the health care exchanges, and using health savings accounts to help defray the costs.


    "The ‘Cadillac tax’ is not about health care, it's about the money.It's about getting the money," said Dan Mendelson of Avalere Health.

    But if employers are able to avoid it and less than expected is collected, ObamaCare could fall tens of billions short in paying for itself as promised.

    Meanwhile, the administration has sent letters to 310,000 people signed up for the exchanges threatening to cut off their insurance if they don't submit missing verification of their citizenship by September 5.

    At the same time, Rep. Diane Black, R-Tenn., sent a letter to the Department of Health and Human Services Wednesday noting that its own Inspector General had found "1.2 million applicants have unresolved inconsistencies related to income verification."

    She pointedly asked if there was an action plan or a deadline to deal with them, noting $17 billion will be paid in subsidies this year alone.

    More at: http://www.foxnews.com/politics/201...llac-tax-shifting-costs-to/?intcmp=latestnews

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