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Let's also not forget that a significant part of this hasn't even kicked in yet, the so-called Cadillac Tax has been kicked down the road, but is potentially en
by JonFish85 10y ago
Let's also not forget that a significant part of this hasn't even kicked in yet, the so-called Cadillac Tax has been kicked down the road, but is potentially enormous. Those who pay the most for their health care plan are going to be heavily taxed to subsidize everyone else. So as much as the current plan rate hikes are unbelievable, it's still going to get much worse before it (maybe) gets better.
- patmcguire 10y agoHow kicked? I remember a big internal uproar when I was at one of the big tech companies about cutting some benefits, and one of the explanations was the cadillac tax.
- Spooky23 10y agoI think it's 2018. All of the fancy benefits, like infertility, durable medical equipment, etc will probably get axed in most big companies.
- JonFish85 10y agoA quick google search brought this up, which might be accurate[1]. It suggests that 2020 is when it is supposed to be enacted now. The Wikipedia article [2] seems less concrete about it, other than to say that there's bipartisan support for not implementing it. [1] http://www.cigna.com/health-care-reform/cadillac-tax http://www.cigna.com/health-care-reform/cadillac-tax [2] https://en.wikipedia.org/wiki/Cadillac_insurance_plan https://en.wikipedia.org/wiki/Cadillac_insurance_plan
- Spooky23 10y agoOur HR wants to be ready. Slashing benefits early is a side bonus I'm sure. :)
- gozur88 10y agoI doubt it will ever happen. The reason it was delayed to start with is it's not at all politically palatable.
- JonFish85 10y agoMaybe so, but someone has to pay for the subsidies. Whether it's this tax or a different one, the middle class is going to have to take on that burden.