The following document, by the Joint Economic Committee, explains some new and intricate ways that the administration is finding to take a bite out of your wallet.
While taxing “Cadillac plans,” is bad on a number of levels, what is worse is that this tax is being indexed by inflation, which is far slower than premiums are actually increasing. As such, today’s Volvo’s may well become tomorrow’s Cadillac. In other words, this is simply a way to disguise raising taxes on health care.
Click here to read the entire paper.