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The term "Cadillac Plan" is a misnomer: the implication is that the insured gets better coverage, but it may just reflect higher costs. This could be due to any number of factors, like a high proportion of "expensive" insurees (like retirees), or serving an area with high health care costs due to high costs of living (e.g., New England or most large cities).
Worse, the effects of inflation (as well as increasing health care costs) will continue to drive up the price of insurance, pushing more and more plans into this "Cadillac" definition. But we all know the providers will take steps to ensure this does not happen, since the penalty is ludicrous. And when the money projected to be gained from this penalty does not materialize (the CBO was not allowed to consider that purchasers of insurance would change their plans in order to avoid the penalty), what happens then? This was the primary money-maker in the Senate Plan, which was then adopted and is to be "adjusted" later.
For that matter, another major source of income in the Health Care Bill are the extra taxes that will be paid on the hypothetical RAISES employees will get once their employers see large savings on their health care costs. Is there anyone out there so naive that they think they will get a raise due to a decrease in health care costs?
I can't believe the designers of the bill are so stupid to think these revenues will materialize, but I guess they had to make some claim to not increasing the deficit--by the time the figures are known, it will be too late. Yet another huge expansion of the entitlement promises that won't be provided to anyone under age 55 today.
Typical liberal - just revert to character assassination - which is all you leftists ever do.
So you assert I haven't thought them through and don't understand them. What brought you to this brilliant conclusion? Or and surprise is not spelled suprise.
...and you sounding like the typical mouth-breathing right-winger. Somebody disagrees with your cut-paste job from the Heritage.org website (or wherever it came from; we are still waiting for your source) and you automatically classify them a Marxist/socialist/leftist. Then you criticize spelling errors. Way to articulate your position...how original.
Rule #19 can be circumvented very easily by hiring a divroce layer---and agreeing to live in sin.
Since the CBO if a huge farcw to begin with, the costs asspociated with this fiasco will undoubtedly be substantially higher than their fairy-tale projections.
But then, what do Democrats know about fiscal responsibility?
Somewhat off topic from the OP, but related - WHO WILL BE PAYING FOR HEALTH CARE - rich corporations and businesses? HAHAHA, is anyone naive enough to actually think that?
I will let you in on a secret. I work for a major health care equipment manufacturer. This, verbatim language from internal documents just released (gaps left out to hide confidential info):
"The Health Care and Education Reconciliation Act (HCERA) contained the final language on a medical device excise tax. This tax was fixed at a flat 2.3% rate....The Company estimates it could result in a pre-tax income (EBITA) charge of approximately $....., and the after-tax net income charge could range from .... USD, respectively.
The above estimates are based on a number of assumptions that can change... In addition to the estimated income tax offsets under The House bill, ...the net impact of any excise tax (will be) fully or partially offset by price increases to customers ....."
SUPRISE! Obama just signed you up for drastically increased health care costs.
Rule #19 can be circumvented very easily by hiring a divroce layer---and agreeing to live in sin.
Since the CBO if a huge farcw to begin with, the costs asspociated with this fiasco will undoubtedly be substantially higher than their fairy-tale projections.
But then, what do Democrats know about fiscal responsibility?
Everyone knows that right wingers do not live in sin! It is all about family values.
It seems the CBOs credibility is contingent on which side they are supporting at the time. The current director of the CBO, "Elmendorf worked on a team that concluded President Bill Clinton's health reform package would cost much more than originally thought."
Was the team not "credible" then too?
Are you aware that the vast majority of this countries debt was laid at our feet by Republican's "fiscal responsibility"? While I consider neither ruling party to be fiscally responsible, it is laughable to even put the Democrats in the same league as such fiscal conservatives as Reagan, Bush Sr. & Bush Jr!
SURPRISE!! They were going to be increasing regardless if the HC bill passed or not!!!!
Thank you to BOTH the Democrats and Republicans for NOT doing anything about it!
Yeah, without any attempt to resolve this countries skyrocketing health care costs we would have been on easy street! And, I agree, neither party has had the will to address this political hot potato for decades.
In an email sent to employees, Verizon basically said that the health care bill may have a negative financial impact. I quoted one section in particular.
Err...so why not drop the "high-value" health plan coverages until they are beneath the threshold, that way you are not subject to the tax? I've worked at companies that have dropped their health care coverage in the past - it sucks, but you know what? Better that than getting nailed 40%. Besides, the employees should be grateful that Verizon even offers healthcare plans well in advance of the government mandate.
This and many other reasons are why IMO the healthcare bill that was passed is an absolute failure. Those that have good healthcare are going to be forced by regulations like the ones listed above to settle for substandard, mediocre at best, plans so that the government can pay for the those who were previously not covered. Employers like Verizon WILL lower coverage to avoid the taxes or drop coverage all together forcing individuals to get their insurance from the government. If only they would have taken the time to figure out how to cover those without insurance without really affecting those that have it already.
I would rather pay through the nose for the insurance I have now that have the government get between me and my healthcare. Everything the government touches becomes wrought with red tape, inefficiencies, poor customer service, idiots that you have to deal with on the phone (if you can even get them on the phone), etc. Try applying for welfare, foodstamps, unemployement, etc. and see how the experience goes for you. This is what you have to look forward to with the wonderful Obama healthcare bill that the Dems ramrodded through Congress.
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