AdvertiseHereH

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

You must be logged in to view this content.

Subscribe Today or Login