One of the many healthcare-package funding-proposals that Congress is considering is to levy a tax on so-called “Cadillac Health Insurance Packages,” identified as those costing more than $8,000 per year.
Well, I am not, by any measure, a rich man. My health insurance package is not as good as the health insurance packages available to members of Congress. Although I remain in my ex-employer’s insurance group as a retiree, I pay every dime for the cost of my coverage; my ex-employer does not subsidize any of it. I can choose from three packages while Congress can choose from over three hundred. With the latest annual increase, my health insurance, for single coverage, is now costing me over $8,000 per year. I am in the crosshairs of a thirty-five percent excise tax. That is just lovely.