Monday, April 5, 2010

The insidious bracket creep

One of the provisions in the health care "reform" bill is a tax on so-called "Cadillac" insurance plans -- those that cost more than $27,500 for a family or $10,200 for an individual. (So, in the name of egalitarianism, we are not only supposed to feed the short poppies but cut off all the tall ones.) This is supposed to get the "rich" to pay "their fair share" of others' health costs.

As the Boston Globe points out, many Massachusetts residents who don't consider themselves "rich" but nonetheless are covered under expensive health plans -- their high prices themselves the result of Massachusetts regulations that force patients to purchase coverage for more services than they may want or need -- stand to be hit by the "Cadillac" tax. And that's at current insurance plan rates -- in 2018, when the tax sets in, don't be surprised when health care "reform" has pushed premiums so high that many more Americans get taxed.

Unfair? Hell, yes.

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