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Large employers cite Obamacare ‘Cadillac’ tax in reducing benefits
NBC ^ | 11/25/2013 | Talesha Reynolds and Lisa Myers

Posted on 11/25/2013 5:27:12 PM PST by markomalley

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To: ought-six

And yes, I would dearly love to retire my senators.


21 posted on 11/25/2013 6:07:48 PM PST by null and void (I'm betting on an Obama Trifecta: A Nobel Peace Prize, an Impeachment, AND a War Crimes Trial...)
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To: M-cubed

My company has 20,000+ plus employees.

Had this plan for years, Employer pays 10 grand a year and we pay $8,000, a combined total of 18K a year in premiums.

Pretty steep, but it was a low deductible (100 per person, 200 per family max) for anything other than hospitalization, and paid in patient hospitalization at 100% after a $250 deductible.

Next year , same premium,but lo and behold in the fine print, if you actually have to go to the hospital, you are on the hook for $6,000 per family.

That would be a 5,750% INCREASE on top of the 18K already paid in premiums.

Bottom line, people are going to avoid going to the hospital at all costs.

If I or any family member has to to the hospital, we are going to the same one the illegals use and not give them any personal info.

Just think, the communists have just stolen our hospitalization, they’ll take our premiums and then make it unaffordable to be admitted to the hospital.

Of course the cretins in the media are slow on the uptake and haven’t gotten around to reporting on this development yet, and the GOP is clueless as well.

We now pay for health insurance,just cant afford to use it.


22 posted on 11/25/2013 6:09:12 PM PST by Rome2000 (THE WASHINGTONIANS AND UNIVERSAL SUFFRAGE ARE THE ENEMY -ROTATE THE CAPITAL AMONGST THE STATES)
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To: markomalley

as someone who pays for my BC/BS with AFTER tax dollars, I want someone to explain to to me how someone can get several thousand dollars worth of cash benefits with no taxes.

Now, I see that the company is the only one to suffer for providing good insurance, and not the recipient of up to
$15,000 or more gift every year.


23 posted on 11/25/2013 6:10:41 PM PST by digger48
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To: Foolsgold
when the $27,500 becomes taxable as regular income

Why isn't it taxable now?

24 posted on 11/25/2013 6:12:55 PM PST by digger48
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To: Paladin2

Heck, for that much money, I could become my own doctor for my family and pay off the cost of education in a few years.


25 posted on 11/25/2013 6:16:38 PM PST by taxcontrol
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To: markomalley

My Company Retirement Health Insurance Monthly Premium for 2014 is $150 Higher than what we are currently paying for my Wife’s current COBRA Coverage, $1,525 versus $1375.

Coverage is for my Wife and I, that’s it. Watching my Retirement Funds slipping away.

Same Healthcare Provider, same Co-Pays and Deductibles.


26 posted on 11/25/2013 6:18:41 PM PST by Kickass Conservative (A Communist is nothing more than an honest Democrat...)
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To: digger48

I believe you can write off your Health Insurance Premiums if they exceed 7.5% of Taxable Income.


27 posted on 11/25/2013 6:24:47 PM PST by Kickass Conservative (A Communist is nothing more than an honest Democrat...)
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To: markomalley

There was an analysis that showed that Obamacare functionally took healthcare from whites and gave it to minorities. A lose/win scenario.


28 posted on 11/25/2013 6:29:07 PM PST by 1010RD (First, Do No Harm)
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To: digger48

My company provides life insurance for free at 2x your salary. If the amount is over $50k, (say $100k for example) the premium for the additional $50k is considered taxable income and is shown on the W-2 as additional income.

Why medical premiums from the employer are treated differently must be some function of the law. I wouldn’t be surprised if employer medical premiums don’t get taxed in the future like the life insurance premium is now.


29 posted on 11/25/2013 6:33:28 PM PST by damper99
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To: damper99

There is no logical reason for medical benefits to be provided tax exempt by employers.

It’s another bad outcome of WW2 wage and price controls.


30 posted on 11/25/2013 6:37:08 PM PST by nascarnation (Wish everyone see a "Gay Kwanzaa")
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To: markomalley
Jason Furman says the real story is how much the growth in health care costs and cost sharing have slowed in the last few years.

“This past year, adjusted for inflation, premiums rose 2.3 percent. That's one-third the rate that they were growing a decade ago,” Furman said.

Yes and the rate of inflation for healthcare was falling before ObamaCare was even talked about. Just like the Communist to take credit for a trend they had no influence in producing.

“You just can't blame everything in the health system on this law. It had a lot of problems before it, and it's actually helping to make them better.”

Sure the healthcare system had problems before ObamaCare, any system devised by man has problems.

But please explain just what does ObamaCare do to eliviate any of these problems. Just who does ObamaCare help? The only people that I have seen that has been helped by ObamaCare are the sons and daughters of policy holders between 18 and 26 that are now carried on their parents’ policy. That problem (if it was a problem) could have been remedied much easier and cheaply without ObamaCare.

31 posted on 11/25/2013 6:43:49 PM PST by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
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To: Pontiac

Healthcare spending is down (just like gasoline consumption) because the economy sucks bilgewater. And the regime is trying to take credit for it.


32 posted on 11/25/2013 6:48:02 PM PST by nascarnation (Wish everyone see a "Gay Kwanzaa")
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To: DUMBGRUNT
"medicare will provide a large plastic funnel"

As long as they include an RCA dog, I'm good with it.


33 posted on 11/25/2013 6:52:18 PM PST by Paladin2
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To: nascarnation
"There is no logical reason for medical benefits to be provided tax exempt by employers.

It’s another bad outcome of WW2 wage and price controls."

Why should the BammyBuck$ spent on HealthCare be taxed?

34 posted on 11/25/2013 6:53:52 PM PST by Paladin2
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To: nascarnation
There is no logical reason for medical benefits to be provided tax exempt by employers.

It’s another bad outcome of WW2 wage and price controls.

You are correct. We should unravel that system to something where individuals can decide what group they would like to be pooled with. Employers can optionally contribute to their employees health insurance but would not be responsible for it.

The problem of high risk pools and the indigent can be addressed without impacting the 85% of generally health policy holders.

The problem of course is the individuals that would be classified as high risk or poor don't want that label and are using politics to avoid it and be hidden in the gigantic Obamacare.

.

35 posted on 11/25/2013 6:54:52 PM PST by Incorrigible (If I lead, follow me; If I pause, push me; If I retreat, kill me.)
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To: taxcontrol

Dude, that’s a rational plan......until Bammy drafts ur butt for the General Good.


36 posted on 11/25/2013 6:56:03 PM PST by Paladin2
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To: Paladin2

There is no logical reason to give tax preference to health insurance. Just like there is no reason that home mortages should be tax preferred. It’s all dependent on what group hs the best lobbyists.


37 posted on 11/25/2013 6:58:16 PM PST by nascarnation (Wish everyone see a "Gay Kwanzaa")
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To: Incorrigible
We've more than plenty of taxation.

Why should one's labor be taxed when it is spent to be able to provide more labor?

38 posted on 11/25/2013 6:58:29 PM PST by Paladin2
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To: nascarnation

“...no logical reason for medical benefits to be provided tax exempt by employers”

The reason was to encourage employers to provide health coverage for their employees.

Make it taxable, the employers, rather than offer employees the benefit, will instead offer employees “some money” (much less than the amount of money they tell you that it costs them for the health benefit. Employees now go into the market / Obozo exchanges to buy it for themselves, thus lowering employer cost (including shedding some of the HR-benefits people). Only the upper management will get the health benefit (like Congress and the White House) because they are way too important to use their time shop in the same crappy exchanges as the rank and file.

Pick your poison, except you don’t pick it - it is given to you and you must drink or it will be injected into you. Obozocare has divided Americans, the average Joe and those who think they are getting something for nothing both lose - the protected, power class wins. Now this is what is called the loss of freedom.


39 posted on 11/25/2013 6:59:06 PM PST by Susquehanna Patriot (U Think Leftist/Liberals Still Believe That Dissent = Highest Form of Patriotism?)
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To: nascarnation
I disagree.

Costs of producing labor should be exempt from taxation.

Income taxes (such as they may exist) should be based on "profit" rather than cash flow.

40 posted on 11/25/2013 7:00:27 PM PST by Paladin2
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