AFL-CIO: Senate Healthcare Tax will hurt millions of working people

– AFL-CIO NOW BLOG – http://blog.aflcio.org

Tax on Health Care Will Erode Coverage for Middle Class

Posted By Tula Connell On January 4, 2010 @ 10:02 am In Corporate Greed, Legislation & Politics | 13 Comments

 
   

A new year brings with it lots of hope.

Let’s hope 2010 brings a health care reform bill that does not penalize working families with a tax on their coverage. Because right now, as New York Times columnist Bob Herbert aptly [1] describes it, there is a ”middle-class tax time bomb ticking in the Senate’s version” of the health care reform legislation.

The bill that passed the Senate with such fanfare on Christmas Eve would impose a confiscatory 40 percent excise tax on so-called Cadillac health plans, which are popularly viewed as over-the-top plans held only by the very wealthy. In fact, it’s a tax that in a few years will hammer millions of middle-class policyholders, forcing them to scale back their access to medical care.

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