NBC: Large Employers Cutting Benefits Due to ObamaCare’s ‘Cadillac Tax’

WILLIAMS We re back ░░░░░░░░ with more about the ░░░░░░░░ print in the president ░░░░░░░░ new health care plan ░░░░░░░░ tonight it s about ░░░░░░░░ 75 million or so ░░░░░░░░ who get health insurance ░░░░░░░░ large employers During this ░░░░░░░░ insurance enrollment period as ░░░░░░░░ may know some folks ░░░░░░░░ been surprised to see ░░░░░░░░ out of pocket cost ░░░░░░░░ they weren t expecting ░░░░░░░░ part because of the ░░░░░░░░ law Tonight our Senior ░░░░░░░░ Correspondent Lisa Myers explains ░░░░░░░░ MYERS When Billie and ░░░░░░░░ Baker and their two ░░░░░░░░ in Milwaukee got their ░░░░░░░░ notice this year they ░░░░░░░░ pleased their premiums would ░░░░░░░░ up only 4 a ░░░░░░░░ next year but were ░░░░░░░░ to discover they are ░░░░░░░░ less coverage for their ░░░░░░░░ Their deductible has gone ░░░░░░░░ zero to 1 000 ░░░░░░░░ a 2 500 out ░░░░░░░░ pocket maximum BILLIE I ░░░░░░░░ at the whole realm ░░░░░░░░ things and say What ░░░░░░░░ going on Why is ░░░░░░░░ getting worse and why ░░░░░░░░ we having to pay ░░░░░░░░ MYERS Hip surgery which ░░░░░░░░ Billie only 375 this ░░░░░░░░ would cost as much ░░░░░░░░ 2 500 if she ░░░░░░░░ waited until next year ░░░░░░░░ s employer wrote that ░░░░░░░░ changes are needed to ░░░░░░░░ the excise tax imposed ░░░░░░░░ the new health care ░░░░░░░░ It s known as ░░░░░░░░ Cadillac tax and hits ░░░░░░░░ most generous health plans ░░░░░░░░ in 2018 BILLIE Saying ░░░░░░░░ your insurance is too ░░░░░░░░ so we re going ░░░░░░░░ give you a penalty ░░░░░░░░ kind of outrageous to ░░░░░░░░ MYERS One survey of ░░░░░░░░ 1 000 businesses which ░░░░░░░░ more than 20 million ░░░░░░░░ found 60 percent said ░░░░░░░░ looming tax is already ░░░░░░░░ a moderate or significant ░░░░░░░░ on benefits The Cadillac ░░░░░░░░ is designed to make ░░░░░░░░ and workers more cost ░░░░░░░░ The thinking is that ░░░░░░░░ workers have to pay ░░░░░░░░ expenses themselves they will ░░░░░░░░ unnecessary procedures and that ░░░░░░░░ bring down overall health ░░░░░░░░ The president s top ░░░░░░░░ adviser insists the tax ░░░░░░░░ will hit only a ░░░░░░░░ percentage of plans and ░░░░░░░░ years from now When ░░░░░░░░ notify their workers they ░░░░░░░░ saying that one of ░░░░░░░░ reasons for greater out ░░░░░░░░ pocket costs is the ░░░░░░░░ health care law FURMAN ░░░░░░░░ don t see that ░░░░░░░░ all There is nothing ░░░░░░░░ the law that tells ░░░░░░░░ that you need to ░░░░░░░░ co payments or deductibles ░░░░░░░░ fact the law limits ░░░░░░░░ ability to shift costs ░░░░░░░░ your workers LASZEWSKI Most ░░░░░░░░ are looking forward to ░░░░░░░░ Cadillac tax in 2018 ░░░░░░░░ realizing they re going ░░░░░░░░ have to get ready ░░░░░░░░ it now MYERS Employers ░░░░░░░░ been asking workers to ░░░░░░░░ more for years even ░░░░░░░░ the new law Still ░░░░░░░░ s causing anxiety for ░░░░░░░░ Bakers BILLIE If this ░░░░░░░░ what next year s ░░░░░░░░ to bring what are ░░░░░░░░ following years going to ░░░░░░░░ really MYERS Lisa Myers ░░░░░░░░ News, Washington.”