Under the Obama Plan, 95% of American families will see a net tax cut — except for middle class folks with nice insurance policies. That’s what Bob Herbert found in the HarryCare bill:
The bill that passed the Senate with such fanfare on Christmas Eve would impose a confiscatory 40 percent excise tax on so-called Cadillac health plans, which are popularly viewed as over-the-top plans held only by the very wealthy. In fact, it’s a tax that in a few years will hammer millions of middle-class policyholders, forcing them to scale back their access to medical care.
Which is exactly what the tax is designed to do. [Shhhhh — it’s not a tax. -ed.]
More taxes, less care. Where do I sign up?