House Democratss, GOP unite to repeal Obama health care tax

Here’s How Eager the House Was to Kill Obamacare’s ‘Cadillac Tax’                 

     

     Mike Blake

Here’s How Eager the House Was to Kill Obamacare’s ‘Cadillac Tax’ Mike Blake

We've got to pass the bill to find out what's in the bill...'

The Obama White House and its economists prized the Cadillac tax on the cost of health coverage above $10,200 for an individual and roughly $30,000 for family coverage, saying the high-value plans end up paying for more care than needed, driving up health costs for everyone. "The difference now is that Democrats want to repeal Obamacare and replace it with socialized medicine". "We hope Congress will repeal the device tax without delay".

The U.S. House of Representatives voted on July 17 to abolish the so-called "Cadillac tax" on employer-sponsored high-value health plans, set to take effect in 2022. However, it remains unclear when the Senate may bring the bill up for a vote. "We urge the Senate to voice its own overwhelming support for this legislation and send it to the president for his signature".

Voter Support. In a prominent new poll, 86 percent of voters believe employer-provided health care coverage should remain tax-free and - by a 4 to 1 ratio - voters are more likely to support a member of Congress that has voted to repeal the "Cadillac Tax". If implemented, the "Cadillac Tax" would impose a 40 percent tax on certain employer-sponsored health care plans. "It would add costs for both employers and employees".

"We are reentering an era of trillion-dollar deficits, and Congress is considering yet another massive tax cut - it appears there is no end to this madness", said CRFB President Maya MacGuineas.

Some health economists warned that repealing the tax would remove one of Obamacare's main tools for lowering health care spending. Politicians don't like the tax on health benefits, but almost every economist thinks the Cadillac tax or a similar measure is necessary to help slow the rise in health care costs and curb overuse of health services, he added.

Oppo announced limited Reno 10x Zoom FC Barcelona Edition
The device comes with a pre-installed Barcelona theme on the smartphone along with newly designed charging cable and earbuds. It has a shark-fin shaped pop-up selfie camera module that features a 16-megapixel lens and an LED flash.

"This is a tax on plans and the people in them, but it doesn't do anything to reduce health care costs and much of the health care cost increases", he said.

A House Democratic aide said Wednesday's vote didn't necessarily tee up future votes to roll back the health law's taxes - but lobbyists for the medical device industry said the vote on the Cadillac tax, which is more expensive than rolling back the device tax, shows lawmakers' openness to repeal votes.

"Passage of this bill will lift the shadow that overhangs employer-sponsored plans and stop the high-deductible problem from worsening", said Rep. Joe Courtney, Connecticut Democrat and the bill's sponsor.

The Alliance to Fight the 40|Don't Tax My Health Care is a broad-based coalition comprised of businesses, patient advocates, employer organizations, unions, local governments, health care companies, consumer groups and other stakeholders that support employer-provided health coverage.

As now projected: If the average plan cost to cover employees and dependents is more than $11,200 for individual coverage and $30,150 for family coverage, employers would pay the tax on plan costs for each covered person above these threshold amounts.

Recommended News

  • Lin-Manuel Miranda geeks out on 'His Dark Materials'

    She said: "I like a challenge, I thought it was time for the books to be liberated in a space which could do them justice". The piece has a bit of a Harry Potter vibe, only a bit darker (and indeed, was scripted by Jack Thorne, who adapted J.K.
    Brandon Routh Returning As Superman With Tyler Hoechlin

    Brandon Routh Returning As Superman With Tyler Hoechlin

    Routh himself got very positive reviews in his gig replacing Reeve, but the film itself was met with a more lukewarm reaction. How will the Arrowverse adapt these stories? The news is expected to be officially revealed at Comic-Con on Saturday.
    The Walking Dead Movie Trailer is Here, Film Coming to Theaters

    The Walking Dead Movie Trailer is Here, Film Coming to Theaters

    Gimple, showrunner Angela Kang, Robert Kirkman, Gale Anne Hurd, David Alpert, Greg Nicotero, Tom Luse and Denise Huth. So, how do you write out a character like Michonne? "We've certainly put her through her paces this year".
  • Hongmeng OS is not for smartphones, Huawei VP confirms

    Hongmeng OS is not for smartphones, Huawei VP confirms

    The new operating system will also have extreme low latency compared with a smartphone operating system, she revealed. The HongMeng OS was confirmed by Huawei when the United States government banned the Chinese giant.
    Flames, Oilers swap struggling veterans as Neal goes north for Lucic

    Flames, Oilers swap struggling veterans as Neal goes north for Lucic

    He signed a seven-year, US$42-million contract with Edmonton on July 1, 2016, but hasn't lived up to that hefty price tag. Neal also failed to meet expectations last season, amassing seven goals and 19 points in his lone season with the Flames.
    Former Giants O-lineman Petrus dies of heat stroke

    Former Giants O-lineman Petrus dies of heat stroke

    In 2011, he started three games and played in the Giants' victory over the New England Patriots in Super Bowl 46. His college program also tweeted its condolences: "We are deeply saddened by the passing of Mitch Petrus ".
  • President Trump says Melania told him about A$AP Rocky's Sweden arrest

    President Trump says Melania told him about A$AP Rocky's Sweden arrest

    The rapper is being held for alleged assault. "Actually the one who knew about A$AP Rocky was our first lady", Trump said. They are friends of mine, the leadership. "We are hoping for justice in a fair trial".
    IEA does not expect 'huge increase' in crude prices: executive director

    IEA does not expect 'huge increase' in crude prices: executive director

    Even after declining Crude inventories in USA prices continue to decline for the fourth trading session. Under normal circumstances, he said, he doesn't expect a "huge increase" in crude oil prices.
    At least 12 dead in Taliban attack on Afghanistan police

    At least 12 dead in Taliban attack on Afghanistan police

    Scott Miller, the top USA commander in Afghanistan, was said to be present at the incident detailed below. The Afghan defence ministry had no immediate comment.
  • Second Try For Starhopper Hover Test Set For Next Week

    Second Try For Starhopper Hover Test Set For Next Week

    In any case, only minutes after an apparently successful ignition, the rocket lit up again in a fireball and had to be doused. A prototype version of SpaceX's next-generation people-carrier rocket exploded into flames after the engine was being tested.
    Athens residents flee as strong quake  shakes Greek capital

    Athens residents flee as strong quake shakes Greek capital

    Seismologist Manolis Skordilis told Greece's Star TV: "The quake was close to the surface, which is why it was felt so much". Athenians ran out into the streets and evacuated tall buildings as the tremor shook the capital for some 15 seconds.
    Trump backs away from 'send her back' chant after rally

    Trump backs away from 'send her back' chant after rally

    However, it was Tlaib who generated headlines earlier this year when she used profane language to call for Trump's impeachment. Lara Trump went on to blame the crowd for starting the chant , which was aimed at Democratic Representative Ilhan Omar .

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.