Healthcare

Hillary Clinton Joins Growing Chorus Against Obamacare’s ‘Cadillac Tax’

If you wanted any proof that politicians will say anything to get votes, here is more evidence.

Republicans say they will repeal Obamacare with no viable alternative and Democrats (and Republicans) seek labor votes by repealing the Cadillac 40% tax on high cost health plans without a viable way to replace the lost expected revenue (other than get it some other way from taxpayers). 

This is a bad tax; ill conceived and based on false assumptions, but nevertheless is part of the Obamacare funding. 

What’s next⁉️😳

Opposing the tax means three Democratic presidential candidates candidates are now at odds with President Obama regarding one aspect of his health law.

By Arit John – Sep 30, 2015, 12:31:11

On Tuesday, Hillary Clinton called on Congress to repeal the so-called “Cadillac tax” soon. “Too many Americans are struggling to meet the cost of rising deductibles and drug prices,” Clinton said in a statement. “That’s why, among other steps, I encourage Congress to repeal the so-called Cadillac tax, which applies to some employer-based health plans, and to fully pay for the cost of repeal.” Clinton weighed in after saying last month she was worried the tax “may create an incentive to substantially lower the value of the benefits package” and shift costs to consumers.

The announcement puts Clinton on the same side of the issue as Senator Bernie Sanders, who co-sponsored a bill that would repeal the tax and issue a “sense of the Senate” resolution that the revenue loss should be funded. Sanders has opposed the tax since 2009, when he proposed an amendment to the Affordable Care Act to remove it from the bill. (Former Maryland Governor Martin O’Malley told an AFL-CIO convention in Nevada last month that he also supports repealing the tax.)

Excerpts: Bloomberg News

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