California government entities and their unions are panicking because Obamacare’s punitive 40% “Cadillac Tax” beginning in 2018 will directly hit the low-deductible and broad-provider network type of “platinum” healthcare coverage that public employees have enjoyed under the California Public Employee Retirement System (CalPERS).Federalism?
With the Cadillac Tax estimated at $770 million, public employees face a radical change to “narrow networks” and up to 1,000 percent increase in annual healthcare deductibles.
Tuesday, March 31, 2015
CalPERS Could Owe Obamacare $770 Million in “Cadillac Tax’
Big Government reports:
