Sunday, March 30, 2014

Ezekiel's Prophecy
...In the next two to three years, Emanuel predicts, "a few big, blue-chip companies will announce their intention to stop providing health insurance. Instead, they will raise salaries substantially or offer large, defined contributions to their workers. Then the floodgates will open." Small businesses will be even more eager to drop coverage.

The main reason Emanuel expects this result is the so-called Cadillac tax, which takes effect in 2018 and has nothing to do with the bailout of General Motors. Rather, it is a levy on what the Times calls "especially generous health plans."...

...The trouble with Emanuel's vision, though, is that if it comes true, it will undermine the ObamaCare goal of insuring more Americans. That isn't just a prediction but an arithmetic truism. No previously uninsured person will end up insured as a result of employers' dumping plans. Some but not all will buy insurance in the individual marketplace....