HOW THE EXCISE TAX REALLY WORKS ON CADILLAC PLANS

In short it allows private health insurers continue to raise the prices on their plans with impunity. The taxpayer will make up the difference by paying an excise tax.  Today the plans we label "Cadillac" plans cost Americans upwards to $25,000 a year. [Keep in mind that these so-called Cadillac Plans are what the citizens of France are also taxed for, but they pay NOTHING in return for their