Despite name, Cadillac tax will harm poor and ill most
A massive blow to South Carolina’s families is being overlooked in the current national debate on repealing the Affordable Care Act: the impending implementation of the 40 percent Cadillac tax.
Americans were told that the excise tax on health insurance plans exceeding a certain price was integral to making Obamacare work financially. In reality, the tax punishes 177 million Americans for the sin of having employer-sponsored health insurance.
The tax, which is scheduled to go into effect in 2020, will likely harm more than 2.2 million South Carolinians. Forty-six percent of the state’s residents face paying higher premiums for
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