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Obamacare's Cadillac Tax: What It Means for You

Controversies have been abundant lately regarding the Patient Protection and Affordable Care Act, also known as Obamacare. But with so many people focused on the immediate issues surrounding the rollout of health care insurance exchanges, few are looking at other impacts the law will have down the road, including the Obamacare Cadillac tax on high-value employer-provided health insurance.

In the following video, Dan Caplinger, The Motley Fool's director of investment planning, takes a closer look at the Obamacare Cadillac tax and its impact on you and your health insurance coverage. Dan notes that Obamacare imposes a 40% excise tax on employers that provide insurance coverage that costs more than $10,200 for single policies or $27,500 for family policies. Even though the tax doesn't take effect until 2018, employers are already taking steps to address it. Dan discusses recent moves by Walgreen (NYSE: WAG  ) to move workers to private health-insurance exchanges, as well as Boeing's (NYSE: BA  ) concerns about the impact on the benefits it will provide to employees. Dan concludes with a look at the impact on UnitedHealth (NYSE: UNH  ) , WellPoint (NYSE: ANTM  ) , and other insurers, which stand to lose out if high-priced policies fall by the wayside.

Don't wait to learn about Obamacare
Provisions like the Obamacare Cadillac tax might not take effect for years, but you still need to be aware of them. Fortunately, you can learn the critical facts you need to know in just minutes by reading a special free report called Everything You Need to Know About Obamacare. But don't hesitate; because it's not often that we release a FREE guide containing this much information and money-making advice. Please click here to access your free copy.


Read/Post Comments (57) | Recommend This Article (34)

Comments from our Foolish Readers

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  • Report this Comment On November 23, 2013, at 6:05 AM, quacker wrote:

    so Obama is going to punish companies who excel just plain stupid lets hurt companies and the middle class

  • Report this Comment On November 23, 2013, at 7:19 AM, irishVermonter wrote:

    Can not wait until see what the unions say. I will tell them you are the rich other person what is the problem

  • Report this Comment On November 23, 2013, at 7:25 AM, scipiojr wrote:

    Any group, unions or otherwise, who can afford to buy this kind of insurance can afford the tax. I have really good insurance and it doesn't cost near this much.

  • Report this Comment On November 23, 2013, at 7:46 AM, Rusty56 wrote:

    Scipojir, You are truly ignorant as most peoples plans will cost more than the levels addressed in 2018. Medical trends, especially caused by specialty drugs will force this to occur, not to mention the obesity rates which are causing premiums to swell as well, This tax will have to be amended and most likely will when Obummer is gone. Lot of other components are already changing as they realize this law can't work.

  • Report this Comment On November 23, 2013, at 8:12 AM, MightyMinnow wrote:

    The United States mighty healthcare system looks like the final years of the mighty Roman empire. It needs foreign recruits to fill its ranks. These anti-free enterprise regulations will repel foreign recruits as the need for them grows. Supply and demand will make government insurance obsolete for everyone.

    I predict that 2 doctor families (or doctors with 2 income families) will both work part time (like everyone else) . The cut in hours will create even greater demand and higher prices. Shepole will need to jump through more hoops and run through more doors than Maxwell Smart.

    I give Cruz credit for getting in front of this. Its a nation killer and we have a president that believes that its not a lie if the public swallows it.

  • Report this Comment On November 23, 2013, at 8:14 AM, misterfrost wrote:

    Only a fool would participate in this abortion..We founded this country on the idea of telling a certain Monarch to GFY when his "tax" became unreasonable..Seems like we need to do it again..

  • Report this Comment On November 23, 2013, at 8:32 AM, kgc wrote:

    You people don't realize that the unions are getting a free pass on this cadillac tax through carve outs. Read this forbes article: http://www.forbes.com/sites/theapothecary/2013/08/06/labor-u... I suspect they will use the carve outs to include more and more unions which was intended for dangerous professions. I'm sure if you investigate who has the exemptions, you will find out their job is not dangerous. It will be granted to all members of a union whether or not they work in the field. Oh, I use a stapler to staple documents and I use scissors, I should get the exemption, okay, granted. Watch, it will come true. Plus the cadillac tax will hit more health plans in the future because the threshold will not keep up with the health plan increases. Guess who has to make up the revenue lost from the exemptions, everyone else. Obama won't be in office by then so what does he care?

  • Report this Comment On November 23, 2013, at 9:31 AM, Fredflinstone wrote:

    Obama went for a ride in a hot air balloon. After an hour he suddenly realized he was lost. He lowered his altitude and spotted a man in a boat below. He shouted to him, "Excuse me, can you help me? I promised some supporters I would meet with them an hour ago, but I don't know where I am."

    The man consulted his portable GPS and replied, "You're in a hot air balloon, approximately 30 feet above ground elevation of 2,346 feet above sea level. You are at 31 degrees, 14.97 minutes north latitude and 100 degrees, 49.09 minutes west longitude.

    Obama rolled his eyes and said, "You must be a Republican.

    "I am," replied the man. "How did you know?"

    "Well," answered Obama, "everything you told me is technically correct. But I have no idea what to do with your information, and I'm still lost. Frankly, you've not been much help to me."

    The man smiled and responded, "You must be President Obama, the left wing Liberal."

    "I am," replied Obama. "How did you know?"

    "Well," said the man, "you don't know where you are -- or where you are going. You've risen to where you are, due to a large quantity of hot air. You made lots of promises you have no idea how to keep, and you expect me to solve your problem. You're in exactly the same position you were in before we met, but somehow, now it's my fault!

  • Report this Comment On November 23, 2013, at 9:37 AM, Fredflinstone wrote:

    Fifty thousand people go to a baseball game, but the game was rained out and a refund was due.

    The team was about to send out refunds when someone stopped them and suggested that they send out refund amounts based on the their interpretation of fairness. After all, if the refunds were made based on the price each person paid for the tickets, most of the money would go to the richest people.

    Their plan says:

    - People in the $10 seats will get back $15, because they had less money to spend.

    - People in the $15 seats will get back $15, because that's only fair.

    - People in the $25 seats will get back $1, because they already make a lot of money and don't need a refund.

    - People in the $50 luxury seats will have to pay another $50, because they already have way too much money to spend.

    - People driving by the stadium who couldn't afford to watch the game will get $10 each, even though they didn't pay anything in, just because they need the most help.

  • Report this Comment On November 23, 2013, at 9:38 AM, Hans451 wrote:

    The ARROGANCE AND IRONY:

    1. How can "substandard" plans have a "Cadillac Tax"?

    2. The theory about lowering costs is that more payers = lower costs. It's a shame they don't feel the same way about taxes. 50% (ish) pay nothing...

    Just sayin'

  • Report this Comment On November 23, 2013, at 9:58 AM, doco177 wrote:

    Fathom The Hypocrisy Of A Government That Requires Every Citizen To Prove They Are Insured....But Not Everyone Must Prove They Are A Citizen.

    And Now, Any Of Those Who Refuse, Or Are Unable To Prove They Are Citizens Will Receive FREE Insurance Paid For By Those Who Are Forced To Buy Insurance Because They Are Citizens.

    Google "Obamacare Flowchart" at Intellectual Takeout to see a visualization of the convoluted, corrupt mess this thing really is

    Congress,Muslims, Amish, Native Americans and several other groups are exempt from mandate and penalties under ACA that the rest of us have to pay.

    The govt becoming more involved in health care is the reason the costs have increased. So Govt creates a crisis, then provides a solution that comes at the expense of liberty and freedom, costs trillions, and by most accounts won't solve the problem but in fact make it far worse.Corruption, incompetence, disregard of the Constitution, and lying are integral to the way that this country is being run.

    Three years ago, Obama, Democrats, and his media lied to us about cutting the cost of health care, being able to keep our insurance, and not taxing the middle class. Today, those lies and what ACA is and will do to the working and middle class are the biggest untold story in America.

    REFUSE and Repeal ACA...If only a mere 20% of the over 300 million population of the USA boycott ACA the government would be overwhelmed to even think they could penalize or mandate every citizen that refused to participate in the most corrupt and unlawful ways which it was passed that circumvented the constitution of the United States

    Obamacare is the will of tyrants, not the will of the people.

  • Report this Comment On November 23, 2013, at 9:59 AM, doco177 wrote:

    So let me get this sraight, we are going to be "Gifted" with a health care plan we are forced to purchase and fined(TAXED) if we don't, and which purportedly covers at least ten million more people but actually canceling tens of millions, without adding a single doctor, but provides for 16,000 new IRS agents, written by a committee whose chairman says he doesn't understand it, passed by a Congress that didn't read it but exempted themselves from it, and signed by a President who smokes, with funding administered by a treasury chief who didn't pay his taxes, for which we'll be taxed for four years before any benefits take effect, by a government which has already bankrupt Social Security and Medicare, all to be overseen by a surgeon general who is obese, and financed by a country that's broke!

  • Report this Comment On November 23, 2013, at 10:02 AM, EngineerMI wrote:

    I bet by 2018 all policies will cost enough to be subject to the Cadilllac tax. I remember some of the minimal coverage I used to have when I paid COBRA between jobs being in the $600 ballpark, and that was before any of the add-on mandatory perks to conform with ACA. It is no stretch whatsoever to believe between price increases, insurance no longer having to compete with the option to not buy insurance and added costs due to ACA that it would be EASY to hit $1000/month.

  • Report this Comment On November 23, 2013, at 10:10 AM, theodore wrote:

    Here's the problem I have with this tax. The health coverage that I choose to provide to my employees is no damn business of the government. I may view excellent health benefits as a vehicle for attracting and retaining talented individuals or simply because I value those that choose to work and contribute to my business - and the government opts to punish me for this!!?? This is an example of governmetn power and abuse run amok.

  • Report this Comment On November 23, 2013, at 10:23 AM, jimstaro wrote:

    "Cadillac Tax??"

    The Only Government Branch, the Executive and it's entire Cabinet, federal and states, consistently not only doing for us Vets but the Military personal and their Families, Finally, from day one, started even before, and the first oath to office!!!

    The Country, through their representatives certainly aren't, the long underfunded, decades now and especially the past decade plus:

    RM: "We got a huge round of tax cuts in this country a few weeks before9/11. Once 9/11 happened and we invaded Afghanistan, we kept the tax cuts anyway.

    How did we think we were going to pay for that war? Did we think it was free?

    Then, when we started a second simultaneous war in another country, we gave ourselves a second huge round of tax cuts. After that second war started. The wars, I guess, we thought would be free, don`t worry about it, civilians. Go about your business." 23 May 2013

    "If military action is worth our troops’ blood, it should be worth our treasure, too" "not just in the abstract, but in the form of a specific ante by every American." -Andrew Rosenthal 10 Feb. 2013

    "12 years also is a long time. We now have a lifetime responsibility to a generation of service members, veterans and their families." Dr. Jonathan Woodson 11 Sep. 2013: With 9/11 Came Lifetime Responsibility

    As those hawks and oh so patriotic supporters loves their wars for free, especially the decades of results from!!

    USN All Shore '67-'71 GMG3 Vietnam In Country '70-'71

  • Report this Comment On November 23, 2013, at 10:24 AM, descowboy76 wrote:

    So, if the government is going to mandate me to pay $1000.oo a month for health insurance as a middle class citizen, then why would I want to be one of the middle class. That would drive me into poverty just trying to come up with another $1000.oo a month. I would be better off giving up my job, living out of my car and applying for welfare and food stamps, and then getting the free health care based of my lack of income.

  • Report this Comment On November 23, 2013, at 10:51 AM, sabebrush6 wrote:

    I figured out where Obamacare went wrong. Sales.

    X-box - sales worldwide = 1 million + the 1st day.

    Obamacare - sales United States = 6 the 1st day.

    ..........................................................................

    Obama should expand and try to peddle his obamacare to Iraq, Iran, India, Pakistan, Samalia, Mexico & other 3rd world countries.

    Of course, it might start world war III, but hey, sales are sales.

  • Report this Comment On November 23, 2013, at 11:14 AM, Mathman6577 wrote:

    @doco177 has it right. If more people just refuse government "help" it will wither away eventually --- the law of supply and demand will catch up to anything. The problem is that the compliant left-wing media (who is in love w/ the administration) and their cronies in Congress and in private business ridicule those would dare do it.

    @sagebrush: Good data. A product that no one wants will not sell, period.

  • Report this Comment On November 23, 2013, at 11:16 AM, dumbassamericans wrote:

    I am new here but I personally hope anyone who voted for Obama or listened to the CNN news loses everythingthey worked for homes,pentions money,

    Left wing liberals

    Whos dringing koolaide

  • Report this Comment On November 23, 2013, at 11:19 AM, Paulson545 wrote:

    Cadillac health care plan - that would be the plans that cover our elected officials, our union public school teachers , the auto workers unions. But didn't they ask and receive an exemption from obamacare. It's the old democrats motto = do as i say not as i do.

  • Report this Comment On November 23, 2013, at 11:30 AM, AposPaul wrote:

    The diseases and illnesses creeping on or ravaging the 40 million Americans without healthcare are like Katrina.

    Obamacare is like FEMA and other organizations trying to help rescue those 40 million Americans.

    The gop, like the Bush administration, is not only slow to help, but worse. They sabotage the rescue efforts. They act like Katrina enablers.

    In fact, ted cruz, gop and the people of the tea party are like Katrina, intent not only on destroying the lives of those 40 million Americans with no healthcare levees, but also the US economy, money system, and perhaps the world's.

  • Report this Comment On November 23, 2013, at 11:33 AM, AposPaul wrote:

    It would not be surprising that if The Lord Jesus Christ were here today in the flesh, He would condemn ted cruz and his father as He did the Pharisees 2000 years ago, for being a brood of vipers, because they support evil things, the tea party, raise that satanic snake flag, want the U.S. to go back to its racist past. How in the hell are they going to escape damnation?

    It's in the Bible. Look it up!

    It is clear that ted, his dad, and the people of the tea party worship Satan, the serpent, that viper (that deceived Adam and Eve)--it's on their flag, that they raise above their heads. That is, they effectively bow to Satan. They've already lost, and will continue to lose.

    God's Word says that men are to tread on the heads of serpents. If you bow down to the serpent, or raise him up above your head, or identify yourself with the snake, you partake Satan's sins.

    It's been said "out of the abundance of the heart the mouth speaks." No wonder it's so easy for ted, his dad and the people of the tea party to say evil racist things.

    ted and his father thought they could wile/deceive the American people, but they will be shown to be stupid, racist, obsolete, and wrong--along with fox news the echoing machine/chamber.

    Like Judas who hoodwinked most people but not the Lord Jesus, ted, his father and the people of the tea party will burn in hell with the Pharisees for maybe eternity if they don't repent.

  • Report this Comment On November 23, 2013, at 11:38 AM, AposPaul wrote:

    Obama and the Democrats have helped lift the U.S. out of the great recession. We did this while providing health care to more than 40 million people who didn't have healthcare before, and better coverage for those who do for less! For real!

    The economy is in a better place from Bush's. The stock markets are at record highs!!!!!!!

    Remember the prosperous Clinton years, when there were actual budget surpluses?

    Remember the economically retarded Bush years, and policies, when the US financial system almost collapsed?

    It's so clear, it's like night and day. When Democrats are in power we have Day, republicans-night.

    It's so clear anyone with a brain can see it!!!!

    Except of course, the party of stupids gop, ann coulter, fox news, paul r. can't see it. It's been said: None are so blind as those who will not see. They only care about spinning lies and policies to enrich themselves, their billionaire/millionaire friends/base, and to take the US back to the evil racist past.

    So that they can control the populations even more, at the 99%'s expense. This is what they call freedom, or freedom works.

    Whereas helping the poor, the uninsured, the whole country, so we all can become richer, stronger, and healthier is oppression.

    They are also trying to find where they left their brain, in the fertilizer pile or dump?

  • Report this Comment On November 23, 2013, at 11:47 AM, rlemery wrote:

    We see the power of sarcasm or stupid, not sure which is stronger than the evil Lord Palapatine in the last blogger!

  • Report this Comment On November 23, 2013, at 12:34 PM, ZAP1ROWSDOWER wrote:

    What it means? It means that if you have worked hard and have a job that gives you great benefits, the government can tax you if they are better then what they say you can have. Thank you government. You give us so much and are allowed to take away what you think is too good.

  • Report this Comment On November 23, 2013, at 1:23 PM, TexasBob86 wrote:

    It's wrong to credit Obama with the "Cadillac Tax". The idea originated with John McCain.

  • Report this Comment On November 23, 2013, at 1:30 PM, hobo21 wrote:

    fuss,argue and fuss. if you voted for obama you knew you were voting for his health care plan. now that you see the penalty you must pay for being ignorant you must accept it unless you go back to the polls in 2016 and reverse obama care. if hillary is elected she will continue this welfare system because it benefits welfare receipients that don't pay taxes,and you hard working idiots that voted obama is left holding the bag of manure.

  • Report this Comment On November 23, 2013, at 1:35 PM, Mathman6577 wrote:

    I see all of the crazies and left-wing loons were let out for a bit today.

  • Report this Comment On November 23, 2013, at 2:46 PM, tandor wrote:

    I looked at the mn sure site for myself, it will cost $350 bucks a month, with a 6300 dollar deductible. I would be better of paying the $400 something fine for not having health care. Just like when they made auto insurance law, it was suppose to be cheaper, and where did that go? Really who can afford all this bs?

  • Report this Comment On November 23, 2013, at 4:56 PM, msnyc10 wrote:

    Evolution of Health Insurance: Win Win Win Win scenario that allowed people who could not afford medical care to get it when they need it AND rest assured that was the case, allowed Doctors access to a whole client base they otherwise would not have had, provided profits and jobs for the insurance industry, and increased everyones life expectancy and health. All based on the most basic of insurance concepts, actuarial tables, which allowed insurance companies to clearly define their expenses and charge customers fairly.

    Then along came 'community care' which increasingly demanded not trying in life-style/health/pre-existing conditions into the policy costs of individuals, which, by definition, can only raise the cost of healthcare for healthy people. So a good percentage of young healthy people dropped out in favor of oh, say, building a business or raising a family.

    So, the percentage of people remaining in the pool were by and large not so young, not so healthy, did not lead such health lives, and/or had pre-existing conditions. So the cost of providing care for that group skyrocketed. As did the policies since they were, you guessed it, community care based.

    So more of the healthier younger people dropped out and, lo, the cost of treating the remaining people went up.

    This went on and on until health insurance not only became ridiculously expensive, it stopped even resembling INSURANCE and a whole layer of bureacracy, managed care, had to be implemented since health subsidies masquerading as health insurance needed another form of control to make it even temporarily sustainable.

    Meanwhile, many of the people who dropped out because it was unreasonably expensive, found them selves in need of medical care. Now if they'd been allowed to keep their actual INSURANCE they would have been covered, but since they were forced to drop of of the con-game they couldn't afford they were now not covered and added a whole layer of cost to the entire system.

    Along comes a President and blames... the uninsured. Not the double-talk system that forced those people off 'insurance'. HIs solution; force the people who didn't want to participate in the con BACK ON, by law. Force people who managed to get something resembling catastrophic care to go onto much more expensive 'substantial' programs to cover all the things that forced them to go off of in the first place.

    Now my question is this; if it is really the uninsured who cost 'us' money when they show up at the emergency room or the oncology ward, how come they and we cannot just buy catastrophic care which is what they/we wanted in the first place? How come you can tell the people who PURPORTEDLY are costing the nation money when they 'suddenly' need catastrophic care they have to buy into 'substantial' programs and cannot buy catastrophic care?

    How come it is ok to tell the people who dropped out because they were being forced to subsidize people who arent' as healthy or don't make the right choices that they HAVE to buy health insurance, but you can't tell people who smoke, drink, are obese, don't exercise, drink a gallon of soda a day, or have highly risky sexual practices that THEY have to pay more, ESPECIALLY since by and large they are the reason every one else dropped out in the first place?

  • Report this Comment On November 23, 2013, at 5:01 PM, J123 wrote:

    Please. It means employers will move employees into the exchanges. And like the shift from pensions to 401ks with matching contributions, over time the employer healthcare contributions will decrease, not keep pace with inflation or be eliminated altogether. I don't blame the employers, unlike our government they will do the fiscally sane thing.

  • Report this Comment On November 23, 2013, at 6:19 PM, j1rose wrote:

    Just remember Jesus had no health insurance.

  • Report this Comment On November 23, 2013, at 6:57 PM, VegasSmitty wrote:

    j1rose, and he died a young man!

  • Report this Comment On November 23, 2013, at 7:15 PM, BUSHLLIT wrote:

    It's not a Cadlillac Tax it's the whole danm car!!!

    Seriously! I already pay over $500 a month for family coverage. You can lease a brand new 2014 Cadillac CTS Sedan 2WD with "Luxury Preferred Equipment Group" for $475.

    Honest to God people, this Affordable Care Act is the most universally UNaffordable, careless fiasco ever perpetrated upon the American people.

  • Report this Comment On November 23, 2013, at 8:12 PM, Amberrose wrote:

    When this law went into affect our family coverage went up. We have an employee offered plan for which we were paying 182 per week. We are now paying 232 per week. That equals over 12,000 per year in just premiums. We pay this premium because the thought of going to the plans in the exchanges terrifies us. It doesn't mean we are wealthy. We have one income because it makes more financial sense for me to be here for the kids right now. Please also keep in mine that that amount is only premium costs. It does not include the fact that we have a 2000 dollar per person yearly deductible, a 25 dollar copay for regular doctor visits or the copays for medications. The insurance covers nothing for specialists until our deductible is met and then we still have to pay 35% of that. Here is a clue people...STOP CALLING IT AFFORDABLE HEALTHCARE!!! HEALTH INSURANCE DOES NOT EQUAL HEALTH CARE. If you have to meet a deductible before being covered, you actually have LESS money to pay that bill since you already paid the premiums. My 9 year old son gets that and asked me about it. I guess congress doesn't have the same brain capacity as a child.

  • Report this Comment On November 23, 2013, at 8:17 PM, VladimirII wrote:

    So you are calling "us" fools before we even comment?

    So you must be an Idiot!

    A man who can not entertain thoughts other than his own is an IDIOT!

    The Cadillac Tax is based on a redistribution of wealth for the sake of Illegal Immigrants, which puts hard working Americans - OUT OF WORK!

    Who's the fool now?

  • Report this Comment On November 23, 2013, at 8:34 PM, cooneysean wrote:

    Apparently, we ALL have "cadillac plans", because we're ALL being punished.

    It doesn't matter whether he (Obama) LIED or misspoke. This is his signature legislation and HE is responsible for knowing how it works.

    And ALL dems are complicit in the fraud.

    It is becoming more and more apparent that all the "facts" used to sell this bill to the public were LIES (mis-statements).

    I'm betting they included the extended coverage to CAUSE the cancellations because obamacare won't work unless EVERYONE gets involved.

    The dems are using the “impaired website” ruse to stall until after the elections.

    Remember this when you're considering the latest news of obamacare:

    Are we going to trust the same media that lied about obamacare, when they extoll the virtues of the obamacare “fix”?

    How come the “comments” are 95% ANTI-OBAMA, but the “media” polls are only 60% anti-obama ??

    We get to “keep” our insurance for one year......until just after the elections, THEN we get cancelled ! And, THEN the Employer Mandate kicks in!

    Obama “temporarily” postponed the Employer Mandate on businesses with 50 workers or more....removing the $2000 fine threat, FOR NOW.

    Do you think hiring will improve with that hanging over their heads?

    A business with the MINIMUM of 50 employees will pay a $100,000 fine.

    What about companies with thousands of employees?

    The fine for not participating is $95 or 1% of your income. Did anyone bother to figure out what 1% of your income is? NOWHERE near $95, I bet. And this fine DOUBLES the next year.

    Insurance's are dropping doctors.

    Doctors are not accepting obamacare.

    The Ted Cruz filibuster and the GOP wanting to de-fund obamacare makes more sense, now, doesn't it?

    How dare those rotten T-baggers try to warn us about this catastrophe!!LOL

    All you defensive Dem morons saying “They all lie”, isn't the point.

    They lied, because if they hadn't, even DEMS would not have supported this bill.

    YOUR leaders lied to YOU.

    This program is not good for anyone......except for people that are so poor that they can't afford any healthcare, and WE ALL are paying extra so that they can have coverage.

    Do we want to trust 20% of the economy to this program and the people who designed and promoted it, who obviously had NO idea of the affects it would have?

    If it was, in any way, a good deal, why is the most PRIZED govt/corporate/union accomplishment,

    an EXEMPTION from it ??

    You'll know obamacare is "FIXED" when no one needs to change anything they already have, millions more have coverage, medical costs go down across the board, and it's a good enough program that congress and unions want to be a part of it.

    At worst, this is the most intentionally deceptive piece of legislation ever perpetrated on the American public.

    At best, it is the most poorly planned and financially damaging piece of legislation ever perpetrated on the American public.

    In EITHER case, it needs to be repealed until a complete understanding of it is determined THEN re-voted on.

    The ACA that is "the law of the land" is NOT the one that was originally promoted by the president and Senate.

    We need to tell our elected reps this was an ill-conceived, and deceptively promoted TAX. It needs to be repealed, not reworked. When they come up with a program that actually DOES save $$$ (and that will be by cutting profits of insurance, medical suppliers, and pharmaceutical companies) , then they can try it again.

    And, hey, I have an idea.......let's READ it first, this time.

  • Report this Comment On November 23, 2013, at 9:48 PM, gundagai wrote:

    The original portrayal of who has Cadillac plans were the rich. The reality is that the majority of the people with these plans are really the middle class. Companies like Boeing, public employees, etc. This will simply be another attack on the middle class.

  • Report this Comment On November 23, 2013, at 10:06 PM, saidnuff wrote:

    The Tax kicks in 2018. So figure out what your paying out of you salary now a month then you need to know what employer is paying out of his picket. That amount plus what you pay will give you an idea if you could be shopping for health insurance in a few years

  • Report this Comment On November 24, 2013, at 3:14 AM, chrismireya wrote:

    Worst. President. Ever!

  • Report this Comment On November 24, 2013, at 7:06 AM, tymajobano wrote:

    apospaul@religion is fine.but u my friend are a nut case!!I am gonna guess u are a minority by your comments.

  • Report this Comment On November 24, 2013, at 8:41 AM, michaelmar wrote:

    Let's not forget that these plans were encouraged for years by the non-taxable status of this benefit vs salary, determined after years of negotiations on the best net balance of salary/benefit total compensation between employers and employees...and the cadillac tax in Obamacare essentially penalizes you for utilizing an earlier tax break. Why not just directly eliminate the tax break itself? The short answer is politics...as with every other aspect of Obamacare and its'

    implementation, agenda driven politics overruled sound business/govt practices, basic economics and the practical behavior of citizens acting in their own self-interest.

    If they reduce the cost/benefits of the current cadillac plans to avoid the penalty and presumably shift it to taxable salary to maintain total compensation, then the govt will also get more income/FICA tax revenue. The same for employers that just eliminate their plans and pay the penalty, presumably giving the original cost to the employees in salary as taxable income...seems like a potential tax windfall to the Federal govt...or will President Obama give another group an exemption from this additional

    "unintended consequence" of Obamacare? (no, because he will be out of office by the time this one kicks in).

  • Report this Comment On November 24, 2013, at 9:11 AM, thepoorman wrote:

    bahh bahh goes the sheep. what the truth is. all this is going to do. is make heath care workers and doctors and there family targets. they charge to much. they act to high and mighty. when all they have is given to them buy the poor in the first place.

    one single question.

    how many poor does it take to keep a rich man rich?

  • Report this Comment On November 24, 2013, at 9:45 AM, SBN2012 wrote:

    The insurance companies can make money and provide affordable insurance to everyone. However, they are a dominant market and want to game the system by spending millions upon millions on PR campaigns to discourage people from signing up. Insurance companies do not want to be regulated and relentlessly used their wealth to run over everyone and keep on going. The rich in this country have grown insane. How much is a human life worth? SAD :(

  • Report this Comment On November 24, 2013, at 9:57 AM, Mathman6577 wrote:

    All industries, including healthcare and insurance companies operating there, that are heavily regulated by the government will have lackluster growth going forward. Government action puts a drag on things. Any gains are most likely on the backs of people who really can't get afford it.

  • Report this Comment On November 24, 2013, at 10:25 AM, tunkamerica wrote:

    soo... I guess we know what the political stance of those who comment onTMF is.

  • Report this Comment On November 24, 2013, at 10:29 AM, tunkamerica wrote:

    I just checked all of the commentators' profiles and 2 participate in CAPS 40000 and 45000 are their scores. Grains of salt all around. Free forum for loonies to "pontificate".

  • Report this Comment On November 24, 2013, at 10:29 AM, Mathman6577 wrote:

    @tunkameria: put "Obamacare" in the title and it brings out the masses on both sides of the issue.

  • Report this Comment On November 24, 2013, at 10:33 AM, Mathman6577 wrote:

    CAPS scores (which are dependent on many factors, including the time period as a member of the MF) are not a magic bullet and should have no bearing on whether a person should be able to make a comment including whether or not the commentator agrees w/ the author (who may or may not have a higher CAPS score).

  • Report this Comment On November 24, 2013, at 3:16 PM, Kngrthr wrote:

    Ya want me to sign up for this extortion? Bring guns.

  • Report this Comment On November 24, 2013, at 5:17 PM, clloyd53 wrote:

    And employers complain that employees just are not dedicated today.

  • Report this Comment On November 24, 2013, at 5:22 PM, JerseyJ wrote:

    I do not see why any insurance plan should provide more coverage to a privileged few. Everyone should get the same medical care weather they are a CEO, Politician Solider, fireman, teacher, carpenter, or unemployed. The country was founded on the statement that "All men are created equal."

  • Report this Comment On November 24, 2013, at 5:35 PM, tlcjonson wrote:

    Obamacare is a game changer for the health insurance industry because prior to Obamacare insurers gambled their risk by offering insurance to healthy people with caps on coverage. If you got sick you lost your insurance, Now insures have to focus on a patient's care and not as much on raking in big profits because Obamacare caps insurer's profit. Will any health insurance plan out there costs that much by 2018. Health plan's costs plummeted to the lowest levels we have ever seen just with the introduction of Obamacare. Now more new organizations are able to compete with the with the old health insurers who profited immensely by gouging everybody. As Obamacare kicks in health plan prices will fall even more as organizations figure that they can offer quality health plans cheaper. In Canada Blue Cross full coverage costs a family of 4 only $49/month.

  • Report this Comment On November 24, 2013, at 8:25 PM, KevinO3826 wrote:

    Obamacare is a game changer in that it is sucking the life out of expendable income and providing people with worse policies than they had before. Taxing these Cadillac plans was a horrible idea. I know a church secretary that had her plan fully paid for by the church. Now that will be considered a Cadillac plan. I know employees of a small firm that had their policies fully paid for. They now have to change their policies and will have much higher deductibles. So tell me how Obamacare help them or others that already had plans they liked and could afford. Obama passed the biggest tax hike on the middle class ever in our history. He says he wants to help the middle class. He has a funny way of showing that. I have no doubt sooner rather than later people will wake up once the people that though they were going to get a free lunch find out they will be paying. To the person talking about Canada, I deal with many Canadians on a daily basis. All of them tell me we made a huge mistake in Obamacare.

  • Report this Comment On November 24, 2013, at 9:34 PM, vet212 wrote:

    It means you good health insurance is going to cost so much that you and the company can't afford it so you will be forced into a government plan costing nearly as much but delivering minimal care the tax is simply to destroy private insurers and make everyone dependent on the government for inadequate everything

  • Report this Comment On November 24, 2013, at 11:47 PM, Dadw5boys wrote:

    That is funny I know a couple of guys who are wealthy now but have gone bankrupt several times over the years because of high medical bills when they did not have insurance.

    I talked to some old friends who will now have tp pay for Insurance for the first time. Free Medical Insurance was the only reason a few stayed.

  • Report this Comment On August 15, 2014, at 8:58 PM, Missm wrote:

    This is the governments way of reaching its hands into the pockets of successful company's that offer great insurance for its employees!

    Most companies will either offer less coverage for the employee, r make the employee pay a greater portion for their great medical coverage, either way the employees and their families lose!

    THIS IS THEIR PLAN SO DON'T BE FOOLED!!!!

    To me the government has a agenda to drive us all into the poor house! Where you will either be rich or poor, their will not be a middle class.

    Our country will them revert back to the roman times where, a huge amounts of people were slaves and the others were peasants!!

    America had a party when Obama took office, and America will have a party when he leaves office!

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Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on Fool.com. With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world.

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