Archive for September 2009

$179 for a Cadillac?!

There have been a lot of numbers bandied about surrounding the Senate Finance Committee health insurance reform bill. One of the big issues, going forward, will be the idea of a 35% tax on so called Cadillac health plans. While in principle the idea sounds good, tax the carte blanche plans of corporate executives, the reality falls well short. According to the bill as written, the luxury tax will kick in at $21,000 for families and $8,000 for individuals. Again this looks okay until you delve deeper.