Fact #1:
The only increase in cost for "premium plans" is the new excise tax which doesn't go into effect until 2018.
Fact #2:
The companies who provide these benefits will have to pay the taxes, not the insurance companies.
Fact #3:
Since the insurance companies are not paying any new taxes on the "premium plans", any rate increases cannot be blamed on taxes they will never be required to pay.
This is, in effect, a payroll tax on benefits provided as compensation to employees. But only the value of the plan that exceeds $27,500 is taxed. So if the plan costs $28,000/yr, they will be taxed on a whopping $500 of the plan.
$27,500 is more than twice what the average employees' employer-provided health plan is worth. So yea, I don't think there's anything unreasonable about taxing whatever exceeds that amount.
Health insurance companies have been raising premiums at ridiculous rates and finding excuses to avoid providing coverage for decades now. I find it hilarious that people are now trying to blame it on a bill that was just passed this year. They only dislike the bill because they dislike who's responsible for passing it.
Fact #1: The only increase in cost for "premium plans" is the new excise tax which doesn't go into effect until 2018.
Fact #2: The companies who provide these benefits will have to pay the taxes, not the insurance companies.
Fact #3: Since the insurance companies are not paying any new taxes on the "premium plans", any rate increases cannot be blamed on taxes they will never be required to pay.
This is, in effect, a payroll tax on benefits provided as compensation to employees. But only the value of the plan that exceeds $27,500 is taxed. So if the plan costs $28,000/yr, they will be taxed on a whopping $500 of the plan.
$27,500 is more than twice what the average employees' employer-provided health plan is worth. So yea, I don't think there's anything unreasonable about taxing whatever exceeds that amount.
Health insurance companies have been raising premiums at ridiculous rates and finding excuses to avoid providing coverage for decades now. I find it hilarious that people are now trying to blame it on a bill that was just passed this year. They only dislike the bill because they dislike who's responsible for passing it.