This health care reform bill will hurt more than it will help. Obamacare will ruin our health care system. If you employer provides you with a “Gold Plated Cadillac” health care plan that you just love, then you are the enemy, or at least your health care plan is, because it will be taxed at an extra 40% for the portion of it that is “excessive” according to the government; they are your keeper, and you will do as they say.
So basically the Socialists in the government are going to equalize health care. They are going to tax those with good plans down to the level of those with crap plans, or no plans at all. They want you, or more accurately your employer, to share the wealth. “Share the wealth”, where have I heard that before?
But of course none of this will ever happen because, according to Obama, “nothing in this plan will require you to change your health care coverage”, and he is right. They will not require you or your employer to change anything; they will instead just make it too expensive for your employer to continue offering you the plan that you now have; they will tax you into submission.
jbranstetter04
40% tax on individuals in gold-plated, Cadillac health insurance plans is tax on groups of the chronically ill: Med-Vision
Dan Ross, founder and president of Med-Vision, a Tampa-based medical consulting company, asserts that the Senate Finance Committees proposal to impose a 40 percent tax on individuals in gold-plated, Cadillac health insurance plans would be best described as a tax on groups of the chronically ill. With these high-dollar plans priced at $8000 or more for individuals and $21,000 or more for families annually, the proposed tax and other taxes on insurance companies are the latest attempt to raise $774 billion over 10 years to fund healthcare reform.
Some in Washington believe Cadillac plans have lower deductibles and co-payments, but high-dollar plans relate more to misery and sickness from chronic disease, said Ross, who warns that the perception of taxing the guy covered by the rich health plan will backlash into a circular firing squad.
By targeting individuals in groups covering the highest number of sick, the tax will disproportionately affect those in plans offering retiree coverage, populations with older average ages, and residents of states with higher healthcare costs. Plans with lower deductibles and co-payments are producing lower aggregate cost, as evidenced by a national move to medical homes and employer-sponsored on-site health clinics with lower deductibles and co-payments.
Ross, who has 20 years experience in employee benefits, conducted an analysis of 200,000 plan members covered under multiple employer self-funded health plans. The two-year analysis looked at claims totaling $800 million. Among the findings:
•85% of the group (170,000 members) accounted for $155 million or 19% of annual claims. This larger percentage averaged $456 per member.
•15% of the group (30,000 members) accounted for the remaining $645 million or 81% of annual claims. This smaller percentage averaged $10,800 per member.
Med-Vision also points to the Centers for Disease Control and Prevention, which estimate that chronic disease accounts for 75 percent or $1.5 trillion of the national $2 trillion annual healthcare spending. Similarly, the Robert Wood Johnson Foundation published that caring for those with chronic disease accounts for 78 percent of health spending.
http://www.news-medical.net/news/20091012/4025-tax-on-individuals-in-e2809cgold-plated-Cadillace2809d-health-insurance-plans-is-tax-on-groups-of-the-chronically-ill-Med-Vision.aspx
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