UP to 75% of health insurance plans could pay 40% tax within next 10 years: Another reason why
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UP to 75% of health insurance plans could pay 40% tax within next 10 years: Another reason why Obamacare won’t let you keep your current policy

UP to 75% of health insurance plans could pay 40% tax within next 10 years: Another reason why Obamacare won’t let you keep your current policy

5/27/2013

By John Lott

The 40% tax on so-called Cadillac health insurance plans will hit the vast majority of plans over the next decade.  Here is one of the finer points that was missed in the health care debate: the “Cadillac” tax wasn’t indexed for inflation.  From the NY Times:

. . . Bradley Herring, a health economist at Johns Hopkins Bloomberg School of Public Health, suggested the result would be more widely felt than many people realize. “The reality is it is going to hit more and more people over time, at least as currently written in law, ” he said. Mr. Herring estimated that as many as 75 percent of plans could be affected by the tax over the next decade — unless employers manage to significantly rein in their costs. . . .
The trend is accelerating. The percentage of employers revising their plans as a result of the tax has increased to 17 percent this year from 11 percent in 2011, according to a survey of United States companies released this month by the International Foundation of Employee Benefit Plans. . . .

Continue reading at John Lott’s Website: UP to 75% of health insurance plans could pay 40% tax within next 10 years: Another reason why Obamacare won’t let you keep your current policy.

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