"Cadillac Tax" Becomes the New Hurdle for Affordable Health Insurance
January 2010
First it was the much-debated public option, then there was the push to expand Medicare, and now it seems that the sticking point in the debates regarding
affordable health insurance in America is the "Cadillac Tax."
This particular tax is defined in the LA Times' piece on
health care as a tax on those insurance companies who offer more expensive medical coverage to those who can afford it.
This might seem like a tax on the wealthy, since those insurance plans are quite expensive, but opponents argue that this isn't always the case.
For example, one of the arguments against the Cadillac tax comes from powerful labor unions, who claim that in many cases middle-class union members gave up wage increases in return for better medical coverage and more extensive healthcare benefits.
Regardless of how it will be resolved, the White House seems intent on resolving it soon. Sources say that a bill that could provide millions of Americans with affordable health insurance could land on the President's desk in a matter of weeks.
Facts on:
"Cadillac Tax Really a Good Idea?
Did you know...
It's a tax on those insurance companies who offer more expensive medical coverage to those who can afford it.
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But with lawmakers set to return to Washington next week, there is a lot of work still waiting to be done. The bill passed by the House is still dissimilar to that passed by Congress, and combining the two into a medical coverage bill that will pass with the right amount of votes is going to be an impressive feat.
According to the article at the Times several "Democratic leaders" will be willing to compromise on key
medical coverage features as long as they can provide the American people with what they call the "triple A" - access, accountability, and affordable health insurance.
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