Obamacare’s “Cadillac tax” will hit one in four employers, most of these employers being the nation's unions, according to analysis released on Tuesday. I have been reminding the readership, for a year, that this coming enrollment period (beginning in October) will finally see the inclusion of the employer mandate. And that mandate includes a 40% tax on quality written health insurance policies, most of which are union sponsored plans.
When I write "40% tax" I am saying that all current quality written, employer sponsored, plans will see a 40% monthly/annual increase to their premiums . . . . in addition to the normal annual premium increases.
I expect to see a huge outcry coming from the unions. I, also, believe that this increase will be a major 2016 campaign issue.
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