American Public Gets to Foot the Bill for Unions’ Healthcare
Congressional Democrats received another $68 million from unions in 2008, and $21 million more so far this year. And that doesn’t count the value of “in kind” contributions like phone banks, poll volunteers and independent advertising.
Looks like the unions are getting their money’s worth — with a sweetheart deal worth billions.
For most American workers, beginning in 2013, if your health care insurance plan is worth more than $8,900 for an individual and $24,000 for a family, that plan will be hit with a 40% excise tax. While technically the tax falls on the insurer, virtually all economists agree that the cost will be passed on to consumers in the form of higher premiums. Moreover, because the threshold for the tax is indexed to ordinary inflation rather than the higher rate of medical inflation, even if your plan doesn’t get hit today, it may well be taxed in the future.
Read the Full Article at the New York Post