Health care Cadillac tax not popular in D.C.

Minnesota rep. says it’ll
eventually get to individuals

 

The Cadillac tax doesn’t appear long for this world.

There’s overwhelming support in Washington D.C., for dumping the coming tax on high-cost health insurance plans that will help fund Obamacare. 

For good reason, says Minnesota state rep, Greg Davids.

“It’s a massive tax increase that will eventually get down to individuals,” Davids said.   

The law says you can’t do that, says Davids, who has been a constant critic of Obamacare

“Whatever entity pays that, of course, will eventually pass that on to the individual policy holder,” Davids added.

The Cadillac tax is expected to go into effect in two years and would bring in about $9 billion a year in taxes to the federal government to help pay for expansion of health insurance.  The 40-percent tax hits plans costing more than $10,200 for individuals and $27,500 for families.

Repealing the Cadillac tax has been included in the roughly five dozen votes taken by lawmakers in Washington D.C., to ditch the whole of Obamacare.  Thursday, 90 out of 100 voted to repeal the tax, along with Obamacare altogether, according to The Hill website.

A new effort with broad support would specifically target the tax for elimination.