Well I guess I have now met a Low Information Voter.
Where in the world do you get such ridiculous nonsense? Fox and Friends? You make minimum wage and have convinced yourself that you will pay 40% tax on private insurance? Absolute, complete falsehood. Are you putting this out there intentionally to frighten people on Halloween, or do you literally believe this?
Because if you do believe this foolishness, go to healthcare [dot] gov and inform yourself. Otherwise, please don't vote.
If you only make $25,000 you will likely qualify for heavily subsidized insurance plans under the new Insurance Exchanges, far cheaper than what you now pay on coverage, -- if not outright qualify for full Medicaid Benefits.
And even today, under the ACA, single person small businesses like yours can finally deduct health care premiums from individual federal taxes. How's that for a benefit.
These outright distortions and lies about what is and is not inside the ACA and other laws is just amazing. But then again when a man will lie about moving all Jeep production to China, he's bound to get surrogates to lie for him on just about anything else.....
Wow! Pretty insulting aren't you.
Let's see. First of all, I am not minimum wage. I said I work in a grocery store, and I do not have a high annual salary. Grocery stores usually don't give full time hours to everybody as their needs go up and down. Sometimes, I get full hours, and sometimes I do not. I also have a small business that used to do well before the economy tanked, so I liked having time off for that. The nice thing about grocery stores is that typically give FULL insurance benefits for part time hours. An individual plan requires 60 hours per month, which means a weekly average of 15. So, while the job isn't the best paying, the benefits are really good (and worth more than you might think).
I have what is considered a Cadillac plan, provided by my employer, and it is worth more than $10,000. My insurance currently gives me $500 a year in my HRA account. My premiums all year add up to $468. This means my plan is virtually free to me. There are NO plans that the govement can offer me that would be cheaper than I what I already have, except being on welfare (medicaid). I have a job. I don't need or want welfare. I have a great plan with an HRA account and a $250 deductible. This means that each year, my HRA is used first. Once it is depleted, I have the $250 deductible. After that, everything is covered 85%, and I pay the remaining 15%. I don't have to worry about networks or traveling. Dental is 100% free up to a limit (I think $2500) if I go to one of a few dentists in my area. 85% covered everywhere else. I have vision too, but no need for it so far, so I am not familiar with how that coverage works.
If I do not use the full HRA (as in years past, probably never again), then it rolls over. Last year, I had $1400 in my HRA account, before my two trips to the ER in less than a week. This year, I finished it off before my sleep study. Now that I have multiple doctor appointments each year and medical equipment to deal with, I will probably use it fully every year.
From the website YOU suggested (healthcare dot com):
"Beginning in 2018, a new federal excise tax will be assessed on insurance companies for health plans that are extremely expensive (in excess of $10,200 for self-only coverage, $27,500 for families)."
Either that cost will be passed to the consumer, or the insurance will be cancelled. You saw how nice my current insurance is. Do you really think I want to lose that (with no increase in wages) and go pay for a plan that isn't as nice? And Medicaid? You have got to be kidding. My current doctor does not accept medicaid or medicare. Those don't pay enough to cover the cost of ding business. I would lose the ability to go to my current doctors. No thanks.
Here are some quotes from different websites.
From the Forbes website:
"The key to understanding the long-term deficit impact of Obamacare, from the CBO’s point of view, is to understand the “Cadillac tax.” As a reminder, the Obamacare “Cadillac tax” imposes a 40% excise tax on the relevant premiums charged by any insurer that, beginning in 2018, offers a health insurance policy whose value is in excess of $10,200 for individual coverage and $27,500 for family coverage."
From npr.org
"The Cadillac tax isn't intended as a way to generate a lot of income for the government. Instead, it's designed to hold down health costs by making people more aware of the costs of medical care. It taxes high-cost insurance policies provided by employers, with the idea that employers will instead buy lower-cost, nontaxed plans.
Many of the high-cost Cadillac plans have no copayments and no deductibles — that is, no $10 or $20 for each doctor visit, no $300 or $600 for each hospital visit. Lower-cost plans do have deductibles and premiums, and the idea is that paying that will make people more price-conscious: Doctors will think twice before ordering tests that may not be really necessary; and patients will ask their doctors if they really need this procedure or that hospitalization. "
The idea of this tax is to get our employers to drop our current insurance plan. They say it is to save money and make more people aware of the costs of test, etc, but my insurance already does that since I have to use my HRA account first, and then pay the deductible first. It's my money, so I already have incentive to not use it unless I really need to. In reality, they need more people using the government exchanges. Why? Because they can't give free or cheap insurance to millions more people without having lots of people paying into the same program. If those of us with good insurance now keep our insurance, we won't be paying into the system. SO, Obamacare solves this program by taxing those who keep their old insurance and pushing most of us into the new insurance. It's like social security. You need to have enough people paying in, so that you have enough money to pay out. This whole Obamacare system simply won't work without enough people paying in.
If Obamacare goes forward, I will either lose my really good employer based insurance plan, or it will be taxed to the extreme. Either way, I lose.