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Old 03-29-2010   #32
MATCHBX
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Join Date: Oct 2003
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Re: I'll Probably be banned for this again....

http://www.cbsnews.com/htdocs/pdf/Se...in;contentBody

There is the 2400+ pages of the original bill.

And here is a summary of the bill.

http://www.cbsnews.com/8301-503544_1...46-503544.html

There are a lot of points in the summary that are really scary. One to note is the excise taxes.

"Excise Tax -- Beginning in 2018, insurance companies will pay a 40 percent excise tax on so-called "Cadillac" high-end insurance plans worth over $27,500 for families ($10,200 for individuals). Dental and vision plans are exempt and will not be counted in the total cost of a family's plan."

So if I want the absolute best coverage for my family AND want to pay for it out of my pocket, that insurance company is gonna get hit with a 40% tax on what they get from it? Talk about running the competition out of town!

You really gotta dig into what they have passed as "LAW" now!! And you wonder why people are in such an uproar. Granted insurance companies have been making alot of money. But to put government in as competition for them is not the way to get them to stop any bad practices. If you don't like how an insurance company does business, change companies. How do you tell a business you don't like their product? You buy someone elses!!
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